RENEWABILTY

Question 1

CANCELABLE POLICIES

Answer 1

INSURER CAN CANCEL AT ANY TIME

Question 2

OPTIONAL RENEWABLE

Answer 2

ONLY CANCEL ON ANNIVERSARY DATE/ PREMIUM DUE DATE

Question 3

CONDITIONAL RENEWABLE

Answer 3

IF INSURER DOESN’T ABIDE BY CONDITIONS OF POLICY, IT WILL BE CANCELED

Question 4

GURANTEED RENEWABLE

Answer 4

INSURER WON’T CANCEL UNTIL AGE 65, MAY RAISE PREMIUMS, BUT MUST RAISE THEM ON ALL IN AGE GROUP & GENDER

Question 5

NON- CANCELABLE

Answer 5

INSURER WON’T CANCEL PLOICY UNTIL AGE 65, AND WON’T CHANGE PREMIUMS