Which of the following statements is correct regarding the difference between a non-cancellable policy and a guaranteed renewable policy? Group of answer choices Non-cancellable policies are generally more expensive than guaranteed renewable policies. Guaranteed renewable policies may be renewed in the sole discretion of the insurer. Guaranteed renewal policies guarantee policy renewal until age 65 with no premium increases. Non-cancellable policies permit the insurance company to increase the premium based on the insured's claim experience, but must offer to renew the policy