Can You Renew Term Life Insurance? 
You can often renew term life insurance , but it is not going to be at the rate you were paying . For example , if your 10-year annual ; premium was $ 400 per year , your `` guaranteed '' renewal might be $ 2,500 ! However , if you are still in reasonably good health , you can apply for a new policy with the most competitive carrier and probably get a much lower rate . A full-time financial planner or broker always will provide you with the best advice . 