How Can You Renew The Term Life Insurance Policy After It Expires?

Myfinalexpense19 Feb, 2025Other

Autorenewal and manual renewal represent the two options to extend term life insurance coverage. In manual renewal, you must contact the insurance company, accept new terms, and sometimes undergo a health check-up. In autorenewal plans, the policy continues automatically, but the new premium may be higher. Planning renewal options should be decided in advance is best.