Question

a level term life policy written with a renewable provision would mean
a. if the policy is renewed without a lapse in coverage, the premium remains the same.
b. at the end of the term, the policy can be renewed without evidence of insurability.
c. the policy automatically renews with no change in coverage or premium.
d. at the end of the term policy, the insured must submit evidence of insurability.

Explanation:

A renewable provision in a level - term life policy allows the policyholder to renew the policy at the end of the term without having to provide evidence of insurability. Premiums may change based on factors like age at renewal. It doesn't mean automatic renewal or fixed premiums upon renewal without a lapse.

Answer:

B. At the end of the term, the policy can be renewed without evidence of insurability.