Mr. Jones wants a health policy that can never be cancelled by the insurance company. He also wants one that will guarantee the premiums for the life of the policy (no premium increases). He should look for a policy that is:
Incorrect
A noncancellable policy provides the insured the right to continue coverage by making timely payment of premiums. The insurer cannot make changes to a noncancellable policy without the consent of the insured. The noncancellable renewability provision is the same as the guaranteed renewable provision, except that premiums cannot be increased.
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