Renewable Term Insurance

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

Renewable Term Insurance

Renewable Term Insurance

insurance that is renewable for a limited number of successive terms by the policyholder and is not contingent upon medical examination.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

We hope the you have a better understanding of the meaning of Renewable Term Insurance. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

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