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GLOSSARY

 GLOSSARY TERMS by Alpha
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Gap coverage
Garage policy
Garagekeepers liability
GIC
Glass insurance
Glass-Steagall Act
Grace period
Graded premium policy
Gross earnings coverage
Group Certificate
Group insurance
Guarantee funds
Guaranteed insurability (Guaranteed Issue)
Guaranteed renewable
Guaranteed term
Guiding principles

Guaranteed renewable

An insurance policy in which the insurer is required to renew the policy for a specified amount of time regard;ess of changes to the health of the insured.  The agreement requires that premiums are paid on time and that the insurer makes no changes except if a premium change is made for an entire class of policy holders.

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