The premium is also more than
the initial yearly renewable term premium.
Not exact matches
The premium for this policy is a little higher than that of the
initial premium of the
yearly renewable term policy but it remains level for the entire 5 year period...
The
Yearly Renewable Term Policy This policy was designed with the express purpose of providing life insurance coverage with minimal
initial outlay.
Purchase
yearly renewable term (YRT) or shorter term insurance (e.g., five - year term) if the client wants or needs to pay absolutely minimal
initial premiums, but is willing to pay increasingly larger premiums each consecutive year (or at each renewal date) to keep the same level of coverage in force.