Can term life insurance be renewed?

Some term life insurance can be renewed, while others cannot.

Term life insurance refers to insurance products that are responsible for death or disability within a certain period of time. The insurance period of term life insurance is "a stage of life" and belongs to consumer products. The guarantee period is generally 10 years, 15 years, 20 years, or 50 years, 60 years and other agreed years.

The renewal of term life insurance means that after the term life insurance expires, with the consent of the insurance company, the contract can continue to be signed.

Want to know more about term life insurance, you can read this popular science article: What is term life insurance? Who is suitable for buying? Everything you want to know is here!

Some people buy term life insurance only because the economic conditions are not comfortable for the time being, and want to wait until the economic conditions improve before buying term life insurance or whole life insurance, but they may face many restrictions.

Therefore, the school sister here suggested that when purchasing a fixed investment, it is necessary to plan ahead and pay attention to conditions such as sustainability and convertibility.

1, pay attention to the conditions of renewal. For some products, when the economic conditions improve, it is more convenient and feasible to extend the warranty period or convert them into whole life insurance.

2. Pay attention to the terms of "renewal" and "convertible insurance" stipulated by insurance companies, and choose term life insurance with few renewal conditions or guarantee.

Of course, even if the insurance can be renewed, the insurance company will limit the renewal. First, the maximum renewal age is stipulated and must be within the maximum age range; The second is to stipulate the maximum renewal times, such as no more than 3 times.

Therefore, friends who are worried about the loss of follow-up protection can consider whole life insurance. If you want to know more, you can read this article: What's the difference between term life insurance and whole life insurance? Senior sister tells you!

Buying term life insurance depends on other factors besides whether it can be renewed, such as coverage content and insurance rules.

As we all know, term life insurance is purchased for family members. The purpose is to leave a sum of money for family members after the death of the insured, instead of the insured to provide economic security for their subsequent life. In other words, term life insurance is a substitute for the family role of the insured, and the substitute is the role of the insured as a source of family income.

So how much coverage is appropriate? Click on the link below, and Senior Sister will tell you! How much insurance is appropriate? Tell me the doorway inside.

Hope to adopt!

The same number on the whole network: Xueba said insurance, welcome to search.