What distinguishes a guaranteed issue policy from a non-guaranteed issue policy?

A guaranteed issue policy is characterized by the fact that it requires an insurer to accept any applicant, regardless of their health status or underlying medical conditions. This means that for individuals seeking coverage, there are no health-related preconditions that could lead to denial of the application. This aspect is particularly vital for applicants who may have pre-existing conditions or other health issues that typically affect their insurability.

In contrast, non-guaranteed issue policies are often subject to specific underwriting criteria, including the review of an individual's health status. Insurers can deny coverage or charge higher premiums based on the applicant's health history. Therefore, in the context of this question, the unique feature of guaranteed issue policies is their inclusivity, ensuring that all applicants can obtain coverage without the risk of exclusion due to health-related factors.