If either of the lives dies first, the life insurance cover for 2nd life will continue till his / her death / exit or till next renewal date. (avivaindia.com)
Just make sure to do it before your next renewal date, or you'll be charged for the next cycle. (top10bestdatingsites.com)
With an escrow account, your escrow payments will accumulate over time to pay your flood insurance premium at its next renewal date. (regions.com)