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Insurance

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  4. In reference to insurance , what is a Guaranteed Renewable policy ?

In reference to insurance , what is a Guaranteed Renewable policy ?

Guaranteed renewable is when a policy cannot be cancelled and must be renewed when it expires unless benefits have been exhauseted. The company cannot change the coverage or refuse to renew the coverage for other than nonpayment of premiums. This includes changes in health conditions or marital or employment status.

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