Arkansas Life and Health Insurance Practice Exam 2025 - Free Life and Health Insurance Practice Questions and Study Guide

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Guaranteed Renewable means:

Non-renewable premiums, by individual policy only

Guaranteed Renewable means that the policy can be renewed by the individual policyholder without the insurance company being able to cancel it as long as the premiums are paid. This gives the policyholder the security that they can continue their coverage regardless of their health status or any claims made. This differs from the other options provided because non-renewable or adjustable premiums by classification or individual policies do not necessarily provide the same level of guaranteed coverage for the policyholder.

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Renewable with adjustable premiums, by classification only

Renewable with non-adjustable premiums

Renewable with adjustable premiums, by individual only

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