Health and Life Insurance

Answer: D - A renewable term may be renewed at the end of a specified period of time for another term period without evidence of insurability. When an individual purchases a 5-year term, at the end of the 5-years the individual may renew the policy for another 5-year period without evidence of insurability. The renewability of a policy can be limited to a number of renewals or age of the insured. It should be noted that the renewable feature must be written into the original policy.