What is term life insurance with guaranteed renewability?

It's a temporary life insurance policy that allows you to renew your policy for an additional period of time when the original life insurance policy ends.

You will not have to take an exam but your renewal policy will charge a premium based on your age at the time you renew your life insurance.

Usually, a renewal policy is offered for a duration of up to 10 years. That way, if your needs change after buying your first term life plan, you ...
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