Disability policies have many characteristics and provisions

Disability policies have many characteristics and provisions. Which of the following is correct regarding policies that are guaranteed renewable versus non-cancelable?Question 14 options:Non-cancelable prevent the insurance company from cancelling the policy as long as the premiums are paid.Guaranteed renewable and non-cancelable disability policies often have policy increases.Guaranteed renewable and non-cancelable disability policies always provide protection for the insured until age 65.Guaranteed renewable policies can experience premium increases based on the health conditions of the insured.Question 15(1 point)Many disability policies that are provided on a group basis have a spit definition. Which of the following describes such a definition?Question 15 options:Disability will be defined based on the duties of the insured.Disability will be defined based on any occupation that the insured is qualified for based on experience or training.Disability will be defined based on the specific duties of the insured.Disability will be defined based on the duties of the insured for a period of time and then based on any occupation that the insured is qualified for based on experience or training.

 

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