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Annually Renewable Term Life Insurance

Annually renewable term life insurance allows individuals to have coverage renewable every year. Annual renewable term life insurance rates are not fixed as the other term life insurance rates can be. The benefit of annual renewal life insurance policy is that they are easily transferable into whole life insurance or permanent life insurance with most companies.

Where to Buy It

Top companies provide annually renewable term life insurance. Most companies that offer annually renewable term life insurance will do so until you are age 65. The age varies per annually renewable term life insurance provider.

How Much Will It Cost?

Annually renewable term life insurance rates are based on variables like health, age, and lifestyle. For each annually renewable term life insurance policy a set amount of coverage is applied. An annually renewable term life insurance policy can be an alternative to other types of term life policies.


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