What Does Annually Renewable Term Policy Mean?

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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

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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