Normally, starting and/or renewing a life insurance policy will require that the insurer makes considerations based on the health of the policyholder. If the policyholder is very unhealthy, the insurance company might not be willing to accept them as a recipient of their insurance. If a person can be accepted as the recipient of life insurance, they are known to be insurable. Thus insurability refers to the state of a policyholder being insurable. If the life insurance agreement grants a person guaranteed insurabililty, this means that, within that company, they are being given insurability to buy additional policies or renew their policies. However, guaranteed insurability is more often given to younger, healthier applicants who companies suspect will remain healthy. Nevertheless, it is an advantageous option to be had by a policyholder because they cannot be denied insurance in the future, regardless of health.