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• Term insurance providing the right to renew at the end of the term for another term or terms, without evidence of insurability. The premium rates increase at each renewal as the age of the insured increases.

  Alabama Department of Insurance - Cite This Source - This Definition
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  Cite Definition for Renewable Term Insurance

  American Psychological Association (APA)

  Renewable Term Insurance. (n.d.). Glossary of Life Insurance Terms. Retrieved June 8, 2023, from website: http://www.expertglossary.com/definition/renewable-term-insurance.

  Chicago Manual of Style (CMS)

  Renewable Term Insurance. www.aldoi.gov. Glossary of Life Insurance Terms. Alabama Department of Insurance. http://www.expertglossary.com/definition/renewable-term-insurance (accessed: June 8, 2023).

  Modern Language Association (MLA)

  "Renewable Term Insurance." Glossary of Life Insurance Terms. Alabama Department of Insurance. 8 June. 2023 http://www.expertglossary.com/definition/renewable-term-insurance.

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