Definitions for "Guaranteed Insurability"
An option that allows an insurance policy holder to buy additional amounts of life insurance or health insurance at specified points in the future (possibly at higher premiums) without presenting evidence of insurability. also called guaranteed renewable or conversion privilege or convertible term insurance.
An option that permits the insured to buy additional prescribed amounts of life insurance at prescribed time intervals in the future without evidence of insurability.
Insurance coverage that is issued to all who apply and make their premium payments.
Keywords:  incontestability, hmo, clause
HMO incontestability clause