Readers Question: “What are the advantages of a renewable term life insurance policy?”

Charlotte,is the largest city in the state of North Carolina. Queen City, Charlotte (as well as the county containing it) is named in honor of Queen Charlotte of Mecklenburg, who had become queen consort of King George III the year before the city’s founding. A second nickname derives from later in the 18th century. During the American Revolutionary War, British commander General Cornwallis occupied the city but was driven out soon afterwards by hostile residents, prompting him to write that Charlotte was “a hornet’s nest of rebellion,” leading to another city nickname: The Hornet’s Nest.

Answer to Readers Question: A renewable policy allows the policyowner to renew the coverage simply by paying additional premiums before the termination date without having to provide evidence of insurability (i.e. proving good health) Note: most insurance providers limit the number of times you can renew such a policy or set an age limit for renewals so make sure to pay attention to this when shopping for term life insurance if you plan on renewing your policy for some time.