Many Term Life Insurance companies SelectQuote represents give you the option of renewing your coverage. It is offered on a year-to-year basis, once the initial level premium period expires. There is no need to reapply.

Be aware, however, your renewal rates will probably be substantially higher than what you were paying. And they'll continue to go up every year thereafter. This option works best for people who have been experiencing declining health and are uninsurable.

As your Term comes to an end, SelectQuote will contact you. A SelectQuote Agent will explain all about your options, including finding a new policy at competitive rates.

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