Renewable term

Renewable Term Life Insurance

A life insurance policy that provides coverage only for a certain period of time, but which may be renewed at the end of that period. A term life insurance policy provides a benefit upon the death of the policyholder, but ceases to provide this benefit if he/she is still alive when the policy expires. Upon expiration, the policyholder may decide to renew the policy or let it lapse. If the policy lapses, the policyholder is not reimbursed for the premiums paid over the life of the policy. Like other term life policies, renewable term life insurance does not include some of the other benefits of a whole life policy, such as a savings component.

Renewable term.

A renewable term life insurance policy allows you to extend your coverage for an additional period without having to requalify for coverage, provided that you have paid your premiums in full and on time.

Being able to renew your policy can be an important advantage if your health has declined since your original purchase. That's because another insurer might refuse to sell you a policy or might charge more for comparable coverage.

Renewable term policies do not guarantee the same rate for the new coverage period. In fact, at each renewal, the cost is likely to increase to reflect the fact that you're older and therefore pose a greater risk to the insurer.

单词	renewable term
释义	Renewable term Renewable Term Life Insurance A life insurance policy that provides coverage only for a certain period of time, but which may be renewed at the end of that period. A term life insurance policy provides a benefit upon the death of the policyholder, but ceases to provide this benefit if he/she is still alive when the policy expires. Upon expiration, the policyholder may decide to renew the policy or let it lapse. If the policy lapses, the policyholder is not reimbursed for the premiums paid over the life of the policy. Like other term life policies, renewable term life insurance does not include some of the other benefits of a whole life policy, such as a savings component. Renewable term. A renewable term life insurance policy allows you to extend your coverage for an additional period without having to requalify for coverage, provided that you have paid your premiums in full and on time. Being able to renew your policy can be an important advantage if your health has declined since your original purchase. That's because another insurer might refuse to sell you a policy or might charge more for comparable coverage. Renewable term policies do not guarantee the same rate for the new coverage period. In fact, at each renewal, the cost is likely to increase to reflect the fact that you're older and therefore pose a greater risk to the insurer.
随便看	hereditary sensory and autonomic neuropathy type i hereditary sensory and autonomic neuropathy, type iii hereditary sensory and autonomic neuropathy type iv hereditary sensory and autonomic neuropathy with anosmia hereditary sensory motor neuropathy hereditary sensory neuropathy hereditary sensory neuropathy type 1 hereditary sensory neuropathy type 1c hereditary sensory neuropathy type i hereditary sensory radicular neuropathy hereditary sideroachrestic anemia hereditary sideroblastic anemia hereditary site-specific colonic cancer hereditary site-specific ovarian cancer hereditary society blue book hereditary spastic paraplegia hereditary spastic paraplegia with a thin corpus callosum hereditary spherocytosis hereditary spherocytosis type 1 hereditary spherocytosis type 2 hereditary spherocytosis type 3 hereditary spherocytosis type 4 hereditary spinal ataxia hereditary spinal muscular atrophy hereditary spinocerebellar ataxia