renewable term insurance

Insurance that the insured may continue at the end of a term, but generally at a higher premium.

• The insured usu. has the right to renew for additional terms without a medical examination.

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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。