Which of the following Disability Income policy types allow only the insured to terminate and the assurance that rates will NOT increase?

While a Guaranteed Renewable policy allows the insured to renew the policy for a specific period, typically up to a certain age, it does not guarantee that the rates will remain constant. The insurance company retains the right to adjust the rates based on various factors, such as overall claims experience or economic conditions.

An Optionally Renewable policy allows the insurance company, at its discretion, to decide whether to renew the policy at the end of each term. This lack of guaranteed renewal can lead to uncertainty for the insured regarding the continuity of coverage and potential changes in rates.

A Conditionally Renewable policy permits the insurance provider to impose specific conditions for renewal, which may include factors such as the insured's health status or other criteria. This type of policy does not offer the assurance of rate stability, as the conditions for renewal can lead to potential rate adjustments.