Hi there - just was confused with this question. Answer was Guaranteed Renewable. But, wouldn't Non-cancelable be also correct? It wasn't clear to me if the non-cancelable would still be renewed regardless if the premium was paid or not.
If Jack has an insurance policy that must be renewed as long as the premiums are paid, what type of policy does he have?
Select one:
A. Optionally Renewable
B. Guaranteed Renewable
C. Non-cancelable
D. Conditionally Renewable