How Does Guaranteed Renewable Term Life Insurance Work?

What is guaranteed renewable term life insurance and how does it work?

Term life insurance is temporary coverage for a set period of time of up to 30 years.

The "term" of your life insurance is the number of years you have life insurance protection.

Usually, you may have the option of choosing a term of 10, 15, 20 or 30 years for term insurance.

"Guaranteed Renewable" means you may choose to renew your original term policy for another "term" of up to 10 years when you first life insurance term ends. And, you won't have to take a physical exam to qualify for the renewal of your life insurance policy.

Learn more about how a guaranteed renewable term life insurance policy works.