Term life insurance that, by its terms, is renewable for a limited number of additional terms by the policyholder without evidence of insurability. See Term Life Insurance.
Term life insurance under which the insured has the right, at the end of the term, to elect to continue the insurance for another term of the same length (at the premium for his or her then attained age) without submitting evidence of insurability. The policy may give the right to several successive renewals.
Term life insurance under which the policyowner has the right, at the end of the term, to continue the coverage for another term at the premium for his or her attained age, without the need to submit evidence of continued insurability.
Term insurance that can be renewed at the end of the term, at the policyholder's option and without evidence of insurability, for a limited number of successive terms. Rates increase at each renewal as the insured ages.
This is insurance that can be renewed at the end of a term for a limited amount of successive terms. As the age of the insured increases, the rates will often increase themselves.
Term insurance that carries with it the option (by the policy holder, without proof of insurability) of being renewed at the end of the specified period. However, this type of policy may only be renewed for a limited number of times with rates progressively increasing in accordance with the age of the insured
Term insurance that may be renewed for another term of the same length without showing evidence of insurability, usually subject to an upper age limit beyond which renewal will not be permitted.
Term insurance providing the right to renew at the end of the term, without evidence of insurability. The premium rates may increase at each renewal as the age of the insured is increasing.
A type of term insurance that includes a renewal provision that gives the policy owner the right to renew the insurance coverage at the end of the specified term without submitting evidence of insurability.
Term Insurance which can be renewed at the end of the term, at the option of the policyholder and without evidence of insurability, for a limited number of successive terms. The rates increase at each renewal as the age of the Insured increases.