Ann has a 5-year Renewable Term Life Insurance Policy.

A renewable term life insurance policy allows the insured to renew the policy at the end of the term without providing evidence of insurability, typically for another term of the same duration. However, because the insured is older at renewal, the premium is generally higher due to increased risk. For a 5-year renewable term policy, Ann can renew for another 5-year term, but the premium will reflect her age at the time of renewal.

Option A: Incorrect. Renewable term policies do not require evidence of insurability for renewal, as this is a key feature of the renewability provision.

Option B: Incorrect. The renewal term is typically the same as the original term (5 years in this case), not a mandatory 10 years.

Option C: Correct. The premium upon renewal may be higher because it is based on the insured’s attained age, as outlined in standard term life insurance provisions.

Option D: Incorrect. Renewal does not require conversion to a whole life policy; conversion is a separate option that may be available but is not mandatory.

This question aligns with the Prometric content outline under “Life Products,” which covers the characteristics and provisions of term life insurance, including renewability.