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Wednesday, March 10, 2010
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Life Insurance Glossary
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Call us at (800) 940-3002
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Y
Yearly Renewable Term (YRT):
Provides the policy owner the right to renew his/her term life insurance
policy at the end of each year without evidence of insurability. This annual renewal
right continues until the policy owner reaches a specified age or for the number
of years determined by the policy's contract. With most Annual (Yearly) Renewable
Term contracts, the premium increases every year, especially as the insured reaches
age 50 and older.
For more reference, click on any of the letters below to find life insurance terms
that begin with that letter.
A B C D E F G H I J K L M N O P Q R S T U V W X Z
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