If I decide I need term life insurance to last longer than the original duration of my policy term, can I renew my policy?
Yes, many term life insurance plans offer renewability, which means you may renew your coverage for another term usually lasting up to 10 years, or more.
However, the premiums charged to renew coverage of a term policy are much higher than the premiums charged for your original term life insurance coverage.
Renewal Rates are based on your age at the time of your renewal, so you will pay more for the new term life policy when you renew your coverage.
It may be cheaper to purchase a new term life insurance policy rather than renew coverage with the term insurance you currently have.
Learn more about "Can term life insurance be renewed?"
Yes, many term life insurance plans offer renewability, which means you may renew your coverage for another term usually lasting up to 10 years, or more.
However, the premiums charged to renew coverage of a term policy are much higher than the premiums charged for your original term life insurance coverage.
Renewal Rates are based on your age at the time of your renewal, so you will pay more for the new term life policy when you renew your coverage.
It may be cheaper to purchase a new term life insurance policy rather than renew coverage with the term insurance you currently have.
Learn more about "Can term life insurance be renewed?"
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