Final answer:
Non-cancelable provisions in a disability policy provide a high degree of protection to the insured, guaranteeing the same premiums and benefits as long as the policyholder pays the premiums on time.
Step-by-step explanation:
The statement that non-cancelable provisions provide the least degree of protection to the insured for a disability policy is false. In fact, non-cancelable provisions offer one of the highest degrees of protection. With a non-cancelable disability insurance policy, the insurer cannot cancel the policy, increase the premiums, or change the benefits as long as the insured continues to pay the premiums on time. This guarantees that the policyholder will continue to have disability coverage at the same rate and benefits outlined in the policy, providing a strong layer of financial security for instances of disability.