why should you be cautious of conditionally renewable policies 
conditionally renewable policies allow the insurer to raise your premiums modify benefits or cancel your coverage if the company decides the risk of insuring you has become too high this can put you at risk of losing coverage when you cannot afford to give it up such as right after a serious injury or illness the bottom linenoncancellable insurance gives the policyholder peace of mind that the policy s cost amount of coverage and term are known future premium changes are also typically known when the policy is issued you can rest assured that you won t have to re qualify for the policy at some point in the future when your health might not be as sound and insurance might be harder to get 