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Renewable term life insurance |
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Renewable term life insuranceA policy for a stated period that may be renewed if desired at the end of the term.Renewable term life insurance Similar MatchesRenewable term assuranceRenewable term assuranceTerm life insurance with a term of, for example, three years, at the end of which the policy can be renewed for a further three years and similarly thereafter for an overall specified length of time. Annual renewable term insuranceAnnual renewable term insuranceSee: Term insurance. Guaranteed renewable policy insuranceGuaranteed renewable policy insuranceA type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders. Guaranteed renewable policyGuaranteed renewable policyAn insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates. |
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