A policy provision ensuring continued insurance coverage for the insured's lifetime as long as the premiums continue to be paid is known as:
A) a policy exclusion.
B) co-insurance.
C) a co-payment.
D) benefits duration.
E) guaranteed renewability.

Question

Quizplus · Accepted Answer

Guaranteed renewability is a policy provision that ensures that an insured's coverage will continue as long as they continue to make premium payments, regardless of changes in their health or other risk factors. This is an important feature for many policyholders, particularly those who may have pre-existing conditions or other factors that could make it difficult to obtain coverage in the future.

A Policy Provision Ensuring Continued Insurance Coverage for the Insured's