If you end up buying too short of a term period you would have to totally
re-apply at your current age and health history which would again cost you a higher expense.
If a term life insurance policyholder wishes to continue their coverage upon the policy's expiration, they will need to
re-apply at their current age and health condition.
Not exact matches
This is temporary coverage and once the term has expired, the insured will need to
re-apply for a policy
at his or her
current age and health condition.
For instance, a term life insurance policy may be 5 years, 10 years, 15 years, 20 years, or 30 years — after which, the policy will expire and if the insured wishes to remain covered, he or she will need to
re-apply for coverage
at their then -
current age and health condition.
That means you may need to
re-apply for new coverage (either
at your new job or independently from a life insurance company or broker) based on your
current age and health status.