Which of the following health policies are both the renewability and the premiums guaranteed?

The correct answer, non-cancelable, is a type of health insurance policy that guarantees both the renewability of the policy and the premiums for the life of the policyholder. This means that the insurer cannot cancel the policy as long as the premiums are paid, and the premium amounts will not increase, regardless of the insured's health status or any claims made. This level of stability provides significant security for policyholders, as they can rely on their coverage remaining in force without unexpected cost increases.

In contrast, while guaranteed renewable policies ensure that coverage can be renewed regardless of health changes, they do not guarantee that premiums will remain constant. Premiums can increase based on broader underwriting criteria after a policy term. Cancellable policies can be terminated by the insurer under certain circumstances, often related to the insured's risk profile, and typically do not provide guaranteed renewability or fixed premium amounts. Non-renewable policies offer coverage only for a specified term with no guarantee of renewal at the end of that term. Therefore, non-cancelable policies provide substantial reassurance regarding both coverage continuation and premium stability.