Sentences with phrase «simply by paying additional premiums»

\ nA renewable policy allows the policyowner to renew the coverage simply by paying additional premiums before the termination date without having to provide evidence of insurability (i.e. proving good health) Note: most insurance providers limit the number of times you can renew such a policy or set an age limit for renewals so make sure to pay attention to this when shopping for term life insurance if you plan on renewing your policy for some time.

Not exact matches

Term life insurance policies have no cash value and can be canceled at any time by simply not paying additional premiums.