term insurance policy where the insured has the option to renew the coverage without taking a new medical examination. The insurance is renewed at a rate that does not reflect the current physical condition of the insured. The premiums do reflect the insured's current age at the time of each renewal. Also see Life Product Comparison.

A policy for a stated period that may be renewed if desired at the end of the term.

A term life insurance policy that can be renewed by the policy holder for another term.