Question

Francesca Brown has a life insurance policy that provides her with protection for the next 10 years. However, she can get five more years of protection at the end of this term without having to have a medical examination until she reaches the age of 70. Her premiums will rise during each five year period. What type of life insurance does Francesca likely have?

Answer 1

The type of insurance that Francesa have is RENEWABLE TERM INSURANCE. This is a type of insurance that allow the beneficiary to prolong the coverage term for a specific period of time without having to re-qualify for coverage.