What Is Annual Renewable Term Life Insurance? 
Annual renewable term is a Term Life policy that will allow you to renew it each year without having to go through additional underwriting or medical exams . It does not guarantee that the premium will remain the same . In fact usually the illustration will show you the scheduled increases in premiums per year or per 5 years . It also does not guarantee that you can renew it every year forever ! Most term policies will not allow you to renew past age 75 no matter what you are willing to pay . 