Which provision allows renewal at the expiration date without evidence of insurability; based on insured's attained age?

Which provision allows renewal at the expiration date without evidence of insurability; based on insured's attained age?

• A. Convertible provision
• B. Renewable provision
• C. Annual renewable term
• D. Permanent life insurance

Answer: (A)

Renewal provisions let you extend term coverage beyond its end date without proving insurability, and the new premium is determined by the insured’s current age at renewal (attained age). This means you can keep coverage in force after the term ends, paying a higher premium that reflects aging, without undergoing new medical underwriting. This is the feature described: the ability to renew at expiration without evidence of insurability and with premiums based on attained age. Convertible provisions, by contrast, focus on converting to a permanent policy without new underwriting, not on renewing the same term at expiration. Permanent life insurance is a different product altogether. So renewing at expiration without new underwriting and at age-based rates is the renewal provision.

Renewal provisions let you extend term coverage beyond its end date without proving insurability, and the new premium is determined by the insured’s current age at renewal (attained age). This means you can keep coverage in force after the term ends, paying a higher premium that reflects aging, without undergoing new medical underwriting. This is the feature described: the ability to renew at expiration without evidence of insurability and with premiums based on attained age. Convertible provisions, by contrast, focus on converting to a permanent policy without new underwriting, not on renewing the same term at expiration. Permanent life insurance is a different product altogether. So renewing at expiration without new underwriting and at age-based rates is the renewal provision.