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.