Question #55 of 85

Which of the following statements concerning disability income policies is CORRECT?

1. Noncancelable policies guarantee the insured the right to renew the policy for a stated number of years, or until a specified age for a premium guaranteed upon renewal.
2. A guaranteed renewable policy does not guarantee renewal at a level premium.
3. Noncancelable policies provide the most liberal continuation provision.
4. Noncancelable polices permit the company to adjust premiums for individual insureds.

A)

I and II

B)

I, II, and III

C)

I, II, and IV

D)

III and IV