![]() ![]() ![]() But for example, some insurance companies limit the number of renewal times without a medical examination, and some insurance companies give you an additional five years only as a renewal of the 20-year temporary insurance policy without a medical statement, so you must return to the insurance laws in your country and must negotiate with the insurance company at this point.ģ. And the temporary insurance premium increases at each renewal due to age. The ability of the temporary insurance contract to renew, as there is the possibility to renew the temporary insurance contract without the need to prove the insurance authority of the insured, that is, without the need for a medical examination. Insurance protection is temporary for a specified period of time.Ģ. Several distinct characteristics of temporary insurance can be identified, including the following:ġ. This type of document is valid for young people who seek insurance protection from the risk of death as of the age of certain.Ĭharacteristics of temporary life insurance: – Insurance companies also issue another type of temporary insurance, which is deferred temporary insurance, according to which the insurance company is obliged to pay the amount of insurance specified in the policy to the beneficiary or beneficiaries specified in the policy in the event of the death of the insured in his life during a specific period after the delay period in the equivalent of the insured paying a single premium or annual installments On time. ![]()
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