What Is Renewable And Convertible Term Life Insurance? 
What is renewable and convertible term insurance ? Well , first thing , if you 're going to buy term insurance it should be both renewable and convertible . Renewable means the coverage will be offered to you up till the policy term runs out . The price can and will vary over time , they can not cancel you , except for non payment , but they can raise prices over time . Convertible is important in case your need for life insurance goes longer than you expect . Most people at some point realize they have a lifetime life insurance need . Convertible means you can move into a permanent insurance product without having to prove good health . 