Annually Renewable Term

Annually Renewable Term,

Annually Renewable Term Definition:

  • Life insurance can be extended year by year, usually with a very high premium. Also known as renewable term.

  • Life insurance, which is renewed annually instead of for many years, is known as annual renewable term. Although you are always covered for the future, ART premiums are based on a one-year contract and vary depending on the age of the policyholder.

Literal Meanings of Annually Renewable Term

Annually:

Meanings of Annually:
  1. Once a year, every year.

Sentences of Annually
  1. Gifts are given every year

Synonyms of Annually

per year, per annum, each year, once a year, by the year, yearly

Renewable:

Meanings of Renewable:
  1. Energy sources that do not run out of use, such as water, wind or solar energy

  2. (Agreements, contracts, etc.)

  3. (Natural resources or energy sources) have not decreased.

Sentences of Renewable
  1. Renewable energy production costs more than coal, oil or gas.

  2. The 30-day war could be extended by mutual agreement

  3. Moving from fossil fuels to renewable energy

Term:

Meanings of Term:
  1. Enter a descriptive name to be called by a specific name.

  2. Words or phrases that are used to describe something or to express an idea, especially in a particular language or field of study.

  3. A fixed or limited period during which something, such as an offense, imprisonment or investment, continues or is to continue.

  4. Every time of the year, alternating with holidays or vacations, when teaching at school, college or university or when court work is in progress.

  5. Terms under which action may be taken or some agreement may be reached.

  6. Any amount of ratio, series or mathematical expression.

  7. Another term for the term

Sentences of Term
  1. Called the father of modern theology

  2. The musical term "Latmotio"

  3. The president is elected for a four-year term

  4. Summer semester

  5. Only your path can be handled

  6. A geometric series is defined as a constant relationship between successive terms.

Synonyms of Term

expression, period of time, provision, entitle, title, dub, designate, name, style, duration, describe as, specification, period, prerequisite, precondition, tag, requisite, idiom, phrase, session, turn of phrase