1. A noncancelable individual health policy means that, as long as premiums are paid, the insurer cannot:

Cancel the policy or change the premium before a stated age

With a noncancelable policy, the insurer can neither cancel nor raise the premium beyond the schedule before the stated age, as long as premiums are paid.

2. A conditionally renewable health policy allows the insurer to:

Decline renewal only for reasons stated in the contract, such as the insured reaching a certain age

A conditionally renewable policy may be non-renewed only on conditions specified in the contract, such as age or employment status.

3. Under a cancelable health policy, the insurer generally may:

Cancel coverage with proper written notice as allowed by the contract

A cancelable policy lets the insurer terminate coverage with the required written notice, refunding any unearned premium.

4. If an applicant's age is misstated on a health policy, the insurer will generally:

Adjust the benefits to what the premium paid would have purchased at the correct age

The misstatement of age provision adjusts benefits to the amount the premium paid would have bought at the insured's true age.