5. Which renewal provision offers the most protection for the insured under a disability income...

5. Which renewal provision offers the most protection for the insured under a disability income policy?

Guaranteed insurable
Guaranteed renewable
Noncancelable
Own occupation

Expert Solution

The correct answer is Noncancelable

In Noncancelable policy, The insurance company can't increase the premium or reduce the plan benefits until the insurance policy holder pays premium. In this, the insuree is assured that he will receive definite benefits. Therefore, this provision is considered as most secure.

jeff jeffy answered 2 years ago

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