[G048]

guaranteed renewable
In some life and health insurance programs, the insurer has guaranteed the renewal of policies for a set period of time or until an insured becomes a specified age. The insured has the option to renew. The insurer does not and must renew at the insured's request. The insurer cannot change benefits, terms, or conditions except rates, and then those rates cannot be changed for any one individual but must apply to an entire class.