Which term policy allows continued coverage after expiration?

Which term policy allows continued coverage after expiration?

• A. Convertible
• B. Renewable
• C. Increasing
• D. Level

Answer: (B)

Renewable term is the feature that lets you keep protection after the term ends. When a term policy is renewable, you can extend the coverage for another term at the end of the current term, typically without having to provide new medical evidence (though the premium will rise as you age). This directly addresses continuing coverage after expiration, which is why it’s the best choice. Convertible term would let you switch to a permanent policy while the term is in force, not automatically after expiration. Increasing term changes the death benefit over time, and level term keeps the benefit and premiums flat for the term but doesn’t guarantee continuation after expiration.

Renewable term is the feature that lets you keep protection after the term ends. When a term policy is renewable, you can extend the coverage for another term at the end of the current term, typically without having to provide new medical evidence (though the premium will rise as you age). This directly addresses continuing coverage after expiration, which is why it’s the best choice.

Convertible term would let you switch to a permanent policy while the term is in force, not automatically after expiration. Increasing term changes the death benefit over time, and level term keeps the benefit and premiums flat for the term but doesn’t guarantee continuation after expiration.