What is a secure renewable directive?Safe and non-cancellable renewable policies are square measures that are often the most popular because the customer will not be caught if an insurer announces a sharp rate hike in the future.
Guaranteed Renewable Policy
This insurance is not as comprehensive as a non-cancellable and secure, renewable policy. With a secure, non-cancellable, renewable policy, customers would prefer to make changes to their premium plan, monthly benefits, or insurance benefits.
With a safe renewable policy; This alternative is owned by the insurer, and most insurance companies can try to reduce their liability if they so choose.