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What does “Guaranteed Renewable” mean in a long-term care insurance policy?

by Carolyn Olson | Jan 26, 2012 | Guaranteed Renewable

Guaranteed Renewable = When a policy cannot be canceled by an insurance company and must be renewed when it expires unless benefits have been exhausted. The company cannot change the coverage or refuse to renew the coverage for other than nonpayment of premiums...

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What does “Guaranteed Renewable” mean in a long-term care insurance policy?

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