"To issue a policy" means to create and provide an official document or contract that outlines the terms and conditions of an insurance agreement. This document is given to the policyholder as proof of their coverage. 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)