T/F term insurance can be renewed for another term at the same rate? -

False. Term insurance cannot be renewed for another term at the same rate. If the policy is renewed, you would be charged a higher rate for the new policy based on your age, health, term of the policy, amount of coverage and whatever other factors deemed appropriate for underwriting the new rate by your life insurance carrier. Term life insurance will never be renewed for another term at the same rate. The term could be one year, five years, ten, twenty or even 30 but when that term expires your rate is higher because you are older. False. The rate goes up, even if the policy is guaranteed renewable.