Fixed term insurance is term life insurance that provides coverage for a fixed number of years, for example, a period of 10, 15, 20, 25 or 30 years, with a level premium and level amount of coverage.
Renewable term life insurance means you have the option of renewing your term life policy for another term, usually an additional 10 year period, when your current term life policy expires.
If you choose renewable term life, you can renew the policy without having to take any physical exam at renewal, but your new rate is based on your age at renewal of your life insurance policy.
Renewability of a term life insurance policy is a feature you can pay additional for in order to have the option of renewing your term life policy at expiration. You can add this feature to fixed term insurance plans.
Here's how you can learn kore about fixed term life insurance and request your free rate quotes.