What happens after the 10-year term expires?
A. At the end of your 10-year term, if youre under age 65, you can re-apply for a new 10-year term by completing a new application, answering medical questions and going through underwriting. If your health remains good, you can continue your coverage for another 10 years. Or, if your application does not pass underwriting, you may continue the policy as an annual renewable term (ART) policy. ART rates are based on your current age and change annually. Rates for this policy are higher than the 10-year term rates because poor health indicates a higher risk.
