What is the maximum age for coverage in an annually renewable term policy without proof of insurability?

In an annually renewable term policy, the maximum age for coverage without proof of insurability is often set at 65. This means that individuals who are 65 or younger can typically obtain renewal of their policy each year without having to provide evidence of their health status. This provision is important because it allows for continued coverage even if the insured's health deteriorates as they age, making it a valuable feature for individuals who may have concerns about their insurability later in life.

Policies such as these are designed to offer flexibility and accessibility for older individuals. After this age, insurers often require proof of insurability to ensure that they can assess any potential risks associated with coverage for applicants who may have developed health issues. Thus, the answer reflects a standard practice in the insurance industry when it comes to annual renewals.