Discapacidad y Cuidado a Largo PlazoPregunta 485 de 716
A 'noncancelable' disability income policy guarantees that the insurer:
a.Covers only those losses that are caused by accidents and never a disability arising from sickness
b.May cancel the policy at any policy anniversary it chooses after giving the insured written notice
c.Can never cancel the policy or change the premium as long as premiums are paid, up to a stated age
d.May increase the premium on an entire class of policies at renewal but must still renew the insured's coverage
Explicación
A noncancelable policy gives the insured the strongest guarantee: the insurer cannot cancel the coverage and cannot change the premium schedule, which is fixed in the contract, as long as premiums are paid up to a specified age. A policy that must renew but can reprice is guaranteed renewable, a weaker guarantee. It is not cancelable at the insurer's choice, and it is not limited to accidents. Noncancelable locks in both renewal and premium, making it the most protective (and often costliest) renewability provision.
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Última revisión: · proceso editorial
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)