One should avoid buying an annual term life insurance policy that does not have guaranteed renewability.

Name: One should avoid buying an annual term life insurance policy that does not have guaranteed renewability.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Without guaranteed renewability, the insurance company may not renew the policy after the term ends, leaving the policyholder without coverage and the need to purchase a new policy at a potentially higher rate due to age and health changes.

One Should Avoid Buying an Annual Term Life Insurance Policy