Which insurance term typically requires evidence of insurability?

The term "Term to age 65" refers to a type of life insurance policy that provides coverage for the insured's lifetime until they reach the age of 65. This type of policy often requires evidence of insurability, which means that the applicant must provide information about their health and lifestyle. The insurer uses this information to assess the risk of insuring the individual and to determine premium rates.

As individuals age, the risk of insuring them increases, which is why evidence of insurability is typically needed at the outset. It helps insurers evaluate the potential risk involved in providing coverage. Without this evidence, the insurer would lack the necessary information to set appropriate terms for the policy. This requirement is especially notable for policies with a defined termination age, such as this specific term insurance.

Other types of policies mentioned do not inherently necessitate evidence of insurability in the same way. For example, year renewable term insurance may allow for renewal at the end of each term without requiring new health information again, thus simplifying the process for policyholders. Cash value life insurance generally builds equity over time and might not necessitate evidence for additional coverage after the initial application. The original-age method is more about how premiums are calculated rather than about insur