A. Explain the following renewal provisions that may appear in individual health insurance policies:

-Guaranteed renewable:

-Noncancelable:

-Conditionally renewable:

-Nonrenewable:

-Guaranteed issue:

B. If you were purchasing an individual health insurance policy, which of the above renewal provisions would you prefer? Explain your answer and the conditions that you may be assuming in your answer (for example, budget constraints, etc.).