A renewable term policy is a type of term life insurance plan that offers you the option to renew your coverage when your life insurance policy ends.

Term life insurance is temporary life insurance lasting up to 30 years, usually,

However, you may purchase 10, 15, 20, 25, or 30 years of life insurance coverage with a term policy.

These plans offer you the chance to continue your coverage (Renew The Policy) for a period of from one to 10 years, usually.

You will not have to take a medical exam to ...
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A Renewable Option is a Clause in a Term life insurance policy that allows you to extend your life insurance coverage beyond the original term, even if your health has declined, usually on an annual basis, and without a medical examination required in order to qualify for the renewal life insurance policy.

You won’t have to re-qualify for a new life insurance policy, but your extended renewable term life insurance coverage may raise your current policy premium. That means, if you want to ren...

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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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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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