What is 10 year renewable and convertible term?

What is 10 year renewable and convertible term?

If your term life insurance policy is renewable, it means you have the option of continuing your coverage for another term, once your current term ends. If you were to take out a 10 year policy at age 20, for example, you’d have the option of renewing it when it lapses at age 30. It would then cover you until age 40. Jun 14, 2021