A Renewable Term Life insurance policy can be renewed when?

A Renewable Term Life insurance policy offers the policyholder the right to renew the coverage at specific intervals or upon reaching certain ages without the need for a health examination or providing evidence of insurability. This aspect of the policy provides significant convenience and peace of mind, as it ensures continual coverage despite potential changes in health status that could otherwise affect insurability.

The ability to renew at a predetermined date or age, regardless of the insured's health, makes option A the correct choice. It highlights the key feature of renewable term policies, which is to provide flexibility and maintain coverage for the insured.

The other choices do not accurately represent the nature of renewable term policies. For instance, the requirement for evidence of insurability is typically not applicable for renewals in this type of policy. Additionally, while premium changes can occur upon renewal, they are usually predetermined by the insurance provider when the policy is originally issued, rather than being guaranteed to remain unchanged. Thus, the correct interpretation of renewable term policies aligns with the first choice, emphasizing the renewal's independence from health assessments.