Insurability period, explained
When you apply for an annual renewable term life policy, you’ll lock in an “insurability period” which lasts anytime between five and 30 years. This means you can renew your policy annually with no proof of insurability (i.e. no questions asked).
Your insurability period is hinged on your age. Each state has a maximum age limit for ART policies. For example, it’s 80 in New York. So if you’re 60 and living in the Empire State, you’ll be able to apply for an insurability period of up to 20 years.