What Does Annually Renewable Term Policy Mean?
What does Annually Renewable Term Policy mean? Read on to discover the definition & meaning of the term Annually Renewable Term Policy - to help you better understand the language used in insurance policies.
Annually Renewable Term Policy
That provides insurance cover for one year and allows the insured to continue it, without a new evidence of insurability. Also called yearly renewable term policy.
We hope the you have a better understanding of the meaning of Annually Renewable Term Policy.
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