The renewability option gives the policyholder the right to renew the life insurance policy for a specified number of additional periods of protection, at a predetermined schedule of premium rates, without new evidence of insurability.

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The renewability option in a life insurance policy allows the policyholder to renew their coverage for additional periods without having to prove they are still insurable, typically at predetermined premium rates. This feature is designed to provide the policyholder with continued protection even if their health has declined.

The Renewability Option Gives the Policyholder the Right to Renew