What does guaranteed renewability mean for an Aflac policy?

• A. The policy can never be canceled by the insurer
• B. The policy can be renewed without evidence of insurability, though premiums and terms may change with age and state rules
• C. Premiums never change after renewal
• D. Renewal is tied to annual underwriting evaluation

Answer: (B)

Guaranteed renewability means you can renew the policy at the end of each term without having to prove you’re still insurable. The insurer can’t drop you or require new medical underwriting just to renew, as long as you continue paying the premium. However, your premium and some terms can change at renewal to reflect your increasing age and the rules in your state. So you keep the coverage, but the price or certain benefits may adjust with age and local regulations.