A provision in a health insurance policy that grants the insured the option to renew the policy for a specified period.

You are guarantee renewability, however, the rates can change on renewal.

A policy that cannot be cancelled by the insurer prior to a specified age.  Premiums may be increased only for an entire class of insureds.  (Compare to noncancellable)

A contract that the insured has the right to continue in force by the timely payment of premiums for a substantial period of time as set forth in the contract. During this period of time, the insurer has no right to make changes in any provision of the contract while it is in force, other than a rate change for a class of insureds.

The requirement that insurers renew a policy at the end of a specified time if the insured chooses to do so.

This means if you have a 20-year policy, the insurance has to provide coverage after 20 years regardless of health. It will only be more expensive because you are older.

With this option the insurance company can raise its rates, but cannot single you out and raise just your rates.

As per policy provision, the insurance company can not cancel a policy unless the individual fail to pay due premiums.

Under this policy provision, the insurance company agrees to renew the policy (can't cancel the policy) for as long as premiums are paid on a timely basis by the insured. Premiums may be increased with prior notification, but policy provisions can never be changed.

An agreement by an insurance company to insure a person for as long as premiums are paid.

The right to keep an insurance policy by paying the required premium.

An insurance policy that will continue for life or until a certain specified age, assuming no lapse in premium payments. Premiums will not increase unless they are raised for everyone with the same type of policy.

A policy that can’t be cancelled as you grow older or your health worsens, unless you fail to pay your premiums. The company still retains the rights to increase your premiums but only on a class basis.

A policy provision in many products which guarantees the policyowner the right to renew coverage at every policy anniversary date. The company does not have the right to cancel coverage except for nonpayment of premiums by the policyowner; however, the company can raise rates if they choose.

In policies containing a guaranteed renewable provision, the insurer guarantees not to refuse to renew the policy but retains the right to increase premiums on a class basis.

A type of insurance which cannot be cancelled or altered by the insurance company as long as the insured pays the premiums in a timely manner. However, the premium may be increased for classes of insureds under certain conditions. return

A provision in term insurance contracts t allows the owner to renew the policy at the end of its term without evidence of insurability.

A contract provision that permits the insured to keep a policy in force. With the exception of premium increases, no changes in the contract may be made.

A type of insurance which cannot be cancelled or altered by the insurance company as long as the insured continues to pay premiums on time. However, the premium may be increased for classes of insureds.ed

A contract that the insured has the right to continue in force by the timely payment of premiums for a substantial period of time, as set forth in the contract, during which period the insurance company has no right unilaterally to make any change in a provision of the contract while the contract is in force, other than a change in the premium rate for classes of insured. (In commenting on this definition, the Committee on Health Insurance Terminology of the American Risk and Insurance Association adds: "The term guaranteed continuable is synonymous with guaranteed renewable. Guaranteed renewable should be distinguished from non-cancelable.") An NAIC - National Association of Insurance Commissioners - definition specifies that the policy must be renewable to at least age 50 or, if issued after age 44, for at least five years.

Policies that may not be non-renewed or canceled, except in certain cases. An insurer may cancel a guaranteed renewable policy for failure to pay premiums, fraud, or intentional material misrepresentation. It also may cancel your policy if the company formally leaves the individual or group health market.()

A right you have that requires your insurance company to automatically renew or continue your Medigap policy, unless you make untrue statements to the insurance company, commit fraud or don?t pay your premiums.

a feature whereby an insurance company cannot cancel or fail to renew coverage because of a change in a person's health or age. As long as premiums are paid and benefits have not been exhausted, coverage will continue. When a plan is guaranteed renewable, premiums may be changed on a class basis only.

A policy the insured has the right to continue in force by the timely payment of premiums to a specified age. During this period the insurer has no right to make changes in any provision of the contract while it is in force, other than a change in the premium rate for classes of insureds.

A contract that the insured has the right to continue in force by the timely payment of premiums (1) until at least age 50 or (2) in the case of a policy issued after age 44 for at least five years from its date of issue, during which period the insurer has no right to make unilaterally any change in any provision of the contract while the contract is in force, except that the insurer may make changes in premium rate by classes.

The terms under which you can continue the coverage under your Long Term Care Insurance policy. This type of renewability guarantees that the policy cannot be cancelled by the insurance company.

A contract that the insured has the right to continue in force by the timely payment of premiums for a substantial period of time as set forth in the contract. During that period of time, the insurer has no right to make any change in any provision of the contract other than a change in the premium rate for all insureds in the same class. Contrast with Noncancellable, from which Guaranteed Renewable should be distinguished.

A policy that is renewable at the policyholder's option and cannot be terminated by the insurance company. ealth Maintenance Organization (HMO): A managed system of health care that provides a comprehensive array of medical services on a prepaid basis to voluntarily enrolled persons living within a specific geographic region. HMO's both finance health care and deliver health services. There is an emphasis on preventive care as well as cost control.

This provision of an LTC policy states that the insured's coverage cannot be canceled except for nonpayment of premium.  The insurer may only change premium rates or benefits by class. Required in all LTC policies.

a clause which may be included with a term insurance policy stating that the policy will be automatically renewed during the term of the contract without any reference to state of health. See the Life Insurance and Disability Sections under Products for more detailed descriptions. Return

A health insurance policy that specifies that the insurer will renew the policy usually until the insured reaches a specified age, if premiums are paid when due.

An insurance policy provision that guarantees you the right to renew the policy for the period stated in the policy, as long as you pay the premiums. Premiums may increase, but your coverage cannot be changed or denied.

a provision in some policies in which the insurance company guarantees the right of the insured to renew without changing any of the terms, conditions or benefits of the policy except the rates, which must be applied to all in the class and not single out an individual. There are time restrictions placed upon guaranteed renewables.

As long as premiums are paid by the end of each Grace Period, we cannot change any part of the policy except its premium. After three years we can change the premium but only if the change applies to all policies with like Benefits insuring the same Risk Class.

Guarantees the insured the right to renew the policy up to a specified age as long as the premium is paid. Carrier may reserve the right to increase premiums on a class basis.

With this policy provision, an insurance company cannot cancel a policy unless you fail to pay premiums when due. Premiums cannot be raised unless there is a rate increase for all policyholders in a particular group.

Individual policy can be continued in force by the insured through the timely payment of premiums, and the insurer has no unilateral right to make any change in any provision of the individual policy while the insurance is in force except that premium rates may be revised by the insurer on a class basis. The insurer cannot decline to renew the individual policy as long as the insured makes timely payment of premiums, and, as long as the individual policy was delivered or issued for delivery in New York State, the insurer cannot change the premium rates on a class basis without the approval of the New York State Insurance Department.

When a policy cannot be cancelled and must be renewed when it expires unless benefits have been exhausted. The company cannot change the coverage or refuse to renew the coverage for other than nonpayment of premiums (including health conditions an/or marital or employment status).

An individual health insurance policy that specifies that the insurer will continue the policy until the insured reaches a specified age, if premium payments are made when due. The insurer can change premium rates for broad classes of insureds. See also cancellable policy, conditionally renewable policy, noncancellable and guaranteed renewable policy, noncancellable policy, and optionally renewable policy.

Policy feature guaranteeing the insured's right to continue a policy.  The company cannot change the coverage or refuse to renew the coverage for reasons other than nonpayment of premiums (including health conditions and/or marital or employment status); however, the company can revise the rate subject to the approval of the Commission of Insurance. [149

The insured's right to continue an in-force policy by the timely payment of premiums. The insurance company cannot change the coverage or refuse to renew the coverage for other than nonpayment of premiums (includes health conditions and-or marital or employment status).

A provision in an insurance contract that guarantees that the contract is renewable for the period stated in the contract provided that premiums are paid in a timely fashion. The insurer cannot make any changes in the provisions other than a change in the premium rate for all insureds in the same class.

A policy provision that prohibits an insurance company from canceling a policy for any reason other than failure to pay premiums when they are due; also prohibits increasing premiums unless there is a rate increase for all policyholders in a particular group.

A policy that is non-cancellable by the company. However, premium rates may be raised by class.

Most Medicare Supplement and long-term care insurance policies are guaranteed renewable. That is, the policy cannot be cancelled by the insurance company unless: (1) you committed fraud in your application for the policy, (2) you have not paid the required premium and the policy has lapsed, or (3) benefits have been exhausted. A guaranteed renewable policy cannot be cancelled because of a change in your health condition, or your marital or employment status. However, the insurance company may increase premiums, but only on an entire class of policies, not just on your policy, and never because of any claims paid to you.