Your client Judy is considering the purchase of an individual disability income insurance. She is trying to understand the difference between a non-cancellable policy and a guaranteed renewable policy. With respect to the two kinds of disability policies she is thinking of purchasing, which statement is true?

A The premium for a non-cancellable policy will be more than that of a guaranteed renewable policy.

B. The insurer can cancel either policy by giving 60 days notice.

C The premium for a guaranteed renewable policy will be more than that of a non-cancellable policy.

D. The premium for both types of policies will be equal