What does Re-entry Term Insurance mean? Read on to discover the definition & meaning of the term Re-entry Term Insurance - to help you better understand the language used in insurance policies.
Re-entry Term Insurance
Re-entry term insurance refers to a policy that has a low premium for a specific period of time, but is renewable only if the insured passes a medical examination after that specific period has passed. Renewing the policy when the insurer has failed the medical exam raises the price of the premium.
We hope the you have a better understanding of the meaning of Re-entry Term Insurance.