Guaranteed renewable

{
  "id": "MLC-T-INS-001692",
  "term": "Guaranteed renewable",
  "field": "Insurance and risk management",
  "definition": "A policy provision, typically in health or disability insurance, that guarantees the insured's right to renew the policy for a specified period or up to a certain age, regardless of changes in health. While the insurer cannot cancel the policy, they retain the right to increase premiums for an entire class of policyholders. Individual premiums cannot be raised based on personal claims experience.",
  "url": "https://mlchart.com/terminology/insurance/guaranteed-renewable/"
}