It depends on the type of life insurance policy you own.

Most term life insurance policies offer the option of renewability which means you may renew your life insurance coverage for another "term" when your original term life policy ends.

However, the duration of your renewal term may vary by insurer and type of policy.

For instance, some plans may offer yearly renewal, while others may guarantee you a level rate for a period of up to 10 years on your renewal term life policy. 

In addiiton, you ...
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Many term life insurance policies are renewable after the initial term expires, and some are not.

Check your life insurance policy language for conversion privileges and features, or ask your life insurance carrier or agent to explain whether or not your term life insurance policy is renewable.

The term life policies that do offer the ability to renew coverage at expiration usually come with much higher rates for the renewal policy.

People who can provide evidence of good he...

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