A renewable Term Life policy can be renewed

• A. only at the insured's option with underwriting
• B. at a predetermined date or age regardless of the insured's health
• C. every year with a new medical exam
• D. never after the initial term

Answer: (B)

Renewable term life allows you to keep coverage after the initial term by renewing without new medical underwriting. At the end of the term, you have a guaranteed option to renew for another term, based on a predetermined renewal date or attained age, and your health won’t block the renewal. The catch is that the premium will be based on your age at renewal, so it rises as you get older, and there’s usually a maximum renewal age. This explains why renewal is described as occurring at a set date or age regardless of health.