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GSI

GSI stands for Guaranteed Standard Issue, which means no underwriting! It is offered by several of our carriers if coverage is written on five or more lives at the same employer and the premiums are employer-paid. The issue limit is usually a nominal flat amount across the board for all employees, provided they meet the income requirements. This product is generally a supplement to a group plan.  Discounts typically start at 25% and unisex rates usually apply. These are portable, non cancelable and guaranteed renewable individual contracts. Voluntary plans are also available.

Simplified Issue is another underwriting concession that a few carriers offer, which includes minimal underwriting requirements. Simplified Issue is generally available to a wider range of occupational classes and industries than GSI. See the Multi-Life & Guaranteed Issue Sales file in Broker Resources.


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