What Does Re-Entry Option Mean?

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What does Re-Entry Option mean? Read on to discover the definition & meaning of the term Re-Entry Option - to help you better understand the language used in insurance policies.

Re-Entry Option

Re-Entry Option

An option in a renewable term life policy under which the policyowner is guaranteed, at the end of the term, to be able to renew coverage without evidence of insurability, at a premium rate specified in the policy.

We hope the you have a better understanding of the meaning of Re-Entry Option.

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