Life Insurance Exam [National] 30 – Renewable and Convertible Term Insurance Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam. In this episode you will learn: • How renewable provisions allow policyholders to extend coverage without new medical exams. • Why renewal premiums increase based on the insured's attained age. • The difference between attained age and original age conversion methods. • Why the face amount cannot be increased during renewal or conversion without underwriting. • The critical role these provisions play in protecting a policyholder’s future insurability. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep