Author Topic: how ART works  (Read 196 times)

Offline SpinningAnnouncer

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how ART works
« on: November 13, 2013, 12:22:36 AM »
How does the Annual Renewable Term life insurance works?
« Last Edit: November 13, 2013, 12:22:36 AM by Guest »
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Offline TwitchingSpinning

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Re: how ART works
« Reply #1 on: November 13, 2013, 12:27:46 AM »
Annual renewable term life insurance provides coverage for one-year periods. You can renew most ART policies for successive one-year periods without having to provide evidence of insurability such as the evidence that you are still in good health and have not terminal illness up to a specified age or within a specified period. However, ART policies are for short-term needs and premiums increase annually upon each renewal. The premium is based on your age at the time of each renewal. So if you need coverage in your later years premiums may become unaffordable. So be more wary before you buy before you end up without insurance, God forbid, we don't want that especially at this time of the economy.
« Last Edit: November 13, 2013, 12:27:46 AM by Guest »
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