Question on Chapter 15 Quiz

Re: Question on Chapter 15 Quiz

by Jerry Bateman - -
Number of replies: 0

Hey Marie,

The word that gives away the answer is renewed. Noncancelable pertains more to the fact that the premium is set by the contract and cannot be changed. When it comes to DI policies we see them characterized as noncancelable and guaranteed renewable. Thank you.

Jerry Bateman