Renewable Term Life InsuranceKeep your Term Life Insurance Flexible

Renewable Term Life Insurance involves renegotiating the terms of your Life Insurance policy at the end of a pre-agreed period, which may be a year or anything up to 30 years. The idea behind choosing Renewable Term Life Insurance as opposed to a level or decreasing term policy for a longer period of time is that you will be eligible for cheaper premiums while you are younger and healthier (and therefore statistically less likely to die). More info

If you choose a Renewable Term Life Insurance policy, you need to consider the length of term you would initially like the cover to last. If you choose a slightly longer period of cover, you're likely to receive a better deal because you are committing to that insurer for a number of years. However if you need the flexibility and feel that you're likely to be able to reduce your premium costs in a year or two, you should choose this option. Whichever option you choose, make sure that the premium price you are offered lasts for the entire length of the term (rather than being an attractive introductory rate) and ensure that you are aware of any exclusions that would invalidate or limit the cover of your Renewable Term Life Insurance policy. If you would like to go through your options with an experienced Life Insurance adviser and find the best deal for you, please complete the short form on the next page. Less