My husband and I bought a term life insurance policy when he was 40 years old.

It's a 20 year term life policy and he is now 53. When it expires when he is 60 how likely is the life insurance company to renew the policy?

We have a young daughter who will just be graduating from high school at that time and the need to provide life insurance protection will still be there if something happens to him.

If you bought a "guaranteed renewable" rider on the term life insurance poli...

I am buying a life insurance policy.

I am to put down the name of my beneficiary and successor through my life insurance policy.

Is my beneficiary the one who will receive the death benefit? What is the successor?

Yes, the beneficiary is the person or persons who receive the money from your life insurance policy if you die.

The Succession Beneficiary Clause states the procedure for revoking a current beneficiary and designating a successor beneficiary. Life insurance companies ...