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Annual renewable term insurance |
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Annual renewable term insurance See: Term insurance. Annual renewable term insurance. If your term life insurance is an annual renewable policy, you can renew your coverage each year without filling out a new application or passing a physical exam. However, the premium, or the amount you pay for the policy, isn't fixed, and goes up each time you renew. Policies with five- or ten-year terms may also be renewable, with comparable increases in their premiums. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The Flexible Duration No Lapse Guarantee Rider extends not only the base policy but also any Individual Annual Renewable Term Insurance Rider and any Last Survivor Added Protection Benefit Rider coverage. |
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