At renewal the premium for a renewal term policy is based on what?
I own a term life insurance policy. What is my renewal premium based on for the renewal of my term life insurance policy?Renewal term life insurance provides temporary coverage for 10, 15, 20, or 30 years, usually.At renewal, the policy may allow you o renew your life insurance plan for another term.The renewal provision is a clause within the insurance policy that permits an insured to renew the