Most the the term life insurance policies sold today provide guaranteed renewability, which gives you the option to continue your life insurance coverage beyond the initial rate guarantee without having to take any health exam to prove your insurability.

This renewability feature may become very important to your family if you should become sick or uninsurable during the time your are covered by your original term life insurance policy.

Another option to look for is conversion ...

Yes, Term life insurance can be converted to Whole life insurance or some other form of permanent life insurance if:

1) The life insurance policy has the option to be converted,

2) you convert the term life policy to permanent life insurance within the time frame required, and

3) you can afford the premium for the converted life insurance policy.

While a life insurance company may carry many types of permanent life insurance coverage, they do not always offer all of them to ...