Disability Insurance Basics
What is a non-cancelable disability insurance policy?
A non-cancelable disability insurance policy guarantees that the insurance company cannot cancel the policy, raise premiums, or reduce benefits as long as you pay the premiums. Non-cancelable policies provide the most protection against future premium increases.
Key Points
- Non-cancelable: company cannot cancel, raise premiums, or reduce benefits
- Most protection against future premium increases
- Premiums are locked in for life
- More expensive than guaranteed renewable policies
- An independent agent can help you find non-cancelable disability insurance