A guaranteed issue life insurance policy is one that guarantees your approval for coverage, while a non-guaranteed life insurance policy means you may or may not qualify for coverage depending on your age, health, and the requirements for approval of the insurance company.
So, if you have health problems, or you have been denied coverage, a guaranteed life insurance plan may be right for you.
Whereas, a non-guaranteed life insurance policy may be better suited for people who are willing to take a medical exam to qualify for their life insurance coverage. The medical exam is paid for by the insurance carrier.
Learn more about guaranteed vs non-guaranteed life insurance plans.