Renewable and Convertible Term Life Insurance: LifeBuzz Explains Why Renewal Premiums Are Higher

Expect significantly higher premiums at renewal. LifeBuzz's life insurance in Canada news article on renewable and convertible term life insurance explains that renewal rates are based on your attained age, not your original age. Additionally, insurers price renewals based on the fact that individuals in poorer health are more likely to renew. This adverse selection drives premiums several times higher than your initial rate. LifeBuzz advises healthy Canadians to shop the market for new coverage before accepting the renewal rate. Visit LifeBuzz for the full premium analysis and cost-saving strategies.

https://lifebuzz.ca/renewable-....and-convertible-term

#renewableandconvertibletermlifeinsurance #lifebuzz #lifeinsuranceincanadanews #termlifeinsurance #lifeinsurancecanada