One Year Term Life Insurance Explained

What is one year term life insurance?

1 Year term life insurance is short-term life insurance protection for a period of 1 year.

Some one year term policies are called "Yearly Renewable Term Life Insurance". offering the option of renewing the policy after the one year term, without requiring you to take a medical exam.

However, the new policy is based on your age at renewal, which will increase your rate.

Here's an article explaining one year term life insurance and how it works.

Level term life insurance is another option which offers coverage for a term of 10, 15, 20, or 30 years.

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