Bracklin, a lawyer age 55, would like an individual disability insurance policy. His main objective is to ensure that once he is issued the policy, he will always have the same coverage with the same terms until the policy matures at age 65. At age 65, he wants to have the option to convert the policy, without medical evidence, to mature at age 75. Which of the following policies BEST meet Bracklin’s twin objectives?

1. Non-cancellable policy
2. Cancellable policy
3. Guaranteed-to-issue policy
4. Guaranteed renewable policy