answersLogoWhite

0

Annually renewable term insurance is a type of life insurance that provides coverage for one year at a time, with the option to renew it each year without needing to requalify for health or other underwriting criteria. The premium typically increases with each renewal due to the policyholder's age and changing risk factors. This type of policy is often more affordable initially compared to permanent insurance but may become costly over time as premiums rise. It's suitable for individuals needing temporary coverage or those who anticipate changing their insurance needs in the future.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Related Questions

What is a trem that best describes life insurance?

"With Life, Even After Life".


What term best describes the idea that insurance repairs shouldn't be used to enhance a car's value?

aggrandizment


What term best describes a commerical automoblie insurance policy that will cover all vehicles?

Fleet coverage.


What word best describes wood?

The word that best describes wood is "natural." Wood is a renewable material derived from trees, characterized by its organic composition and unique grain patterns. It is valued for its versatility, durability, and aesthetic qualities, making it a popular choice for construction, furniture, and various crafts.


What phrase best describes a commercial automobile insurance policy that provides coverage for all business vehicles without having to notify the insurance company every time a vehicle is added?

A rolling inventory. You would need to report the vehicle list to the carrier on a predetermined basis (monthly, quarterly, or annually). They would charge you premium based upon your estimate and then after each report they would credit or invoice you for differences from the estimated count.


Which of the following best describes the use of renewable resource?

Renewable resources are natural resources that can be replenished or regenerated within a human lifespan. They are sustainable sources of energy, such as sunlight, wind, and hydropower, which can be used without depleting the Earth's finite resources. Utilizing renewable resources helps reduce environmental impact and dependency on fossil fuels.


What best describes reproduction?

what best describes asexual reproduction


What best describes a phrase?

which phase best describes a thesis


Which of these terms best describes a collection of programs created in 1935 that includes OldAge Survivors Disability and Hospital Insurance?

Social security


Why renewable resource is best?

Renewable energy can't run out. Non-renewable energy WILL run out. Renewable energy is produced at a constant rate, non-renewable is not. Renewable energy is free when the generator is built, non-renewable is not. Renewable energy does not cause pollution (with the exception of biofuels), non-renewable energy does.


Which word describes you best?

The word that best describes me is special.


What best describes politics?

Which of these answers best describes Machiavellian politics?