Which type of policy might be associated with a disability income policy that cannot be cancelled?

The type of policy associated with a disability income policy that cannot be cancelled is a noncancelable policy. Noncancelable policies provide the insured with the assurance that the insurer cannot terminate the policy or change the premium rates as long as the premiums are paid on time. This feature is particularly important for disability income policies, as individuals rely on consistent income support in the event of a disability. By ensuring the policy remains in force regardless of health changes or other factors, it provides a sense of security and predictability for the insured.

In contrast, a cancelable policy allows the insurance company to terminate coverage at any time, which does not provide the same level of protection. A term policy typically refers to life insurance that is only in effect for a specified period and does not usually pertain to disability income; it can be terminated at the end of the term or renewed at increased rates. Universal policy relates more to permanent life insurance rather than disability coverage. Therefore, noncancelable is the specific feature designed to offer ongoing protection in disability income scenarios.