LLQP Accident and Sickness Insurance Practice Exam

Guaranteed renewable coverage until age 65 refers to a type of insurance policy that ensures that the insured can renew their coverage annually without having to provide additional evidence of insurability, up until they reach the age of 65. This provision gives policyholders peace of mind, as they cannot be denied renewal based on health changes that may occur over time.

This type of coverage often includes the right for the insurance company to adjust premiums, but it must provide renewal regardless of the insured's health status or claims history. This is particularly beneficial for individuals seeking long-term security in their health insurance coverage.

While other options relate to different aspects of insurance policies, guaranteed renewable specifically focuses on the assured renewal up to a certain age, emphasizing the policyholder's right to maintain their coverage as they age, provided they pay their premiums.