The phrase "issue policy" refers to the act of creating or providing a document that states rules or guidelines for a particular situation or topic. Full definition
This is because guaranteed issue policies do not come with a medical exam, or even a medical questionnaire. (nomedicallifeinsurance.ca)
And because time is money, many insurance agents will push simplified issue policies on you, regardless of whether you are healthy, or unhealthy. (buymortgageprotection.com)
Most guaranteed issue policies in the industry are typically small Whole Life insurance policies. (lifeinsuranceblog.net)