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What does guaranteed renewable mean?

guaranteed mean renewable
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What does guaranteed renewable mean?

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• If a policy is guaranteed renewable only, the insurance company agrees to keep renewing the contract for as long as premiums continue to be paid on a timely basis. While the insurer cannot change the provisions of the policy, it can increase premiums by state, occupation class, policy or for other categories with prior notification.

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You can renew your policy each year, without evidence of continuing good health. The Life Insurance Company has to offer renewal, no matter your current state of health.

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