Final answer:
Term Life insurance policies with renewability allow policyholders to renew coverage without a medical exam, potentially with increased premiums.
Explanation:
Term Life insurance policies are policies that provide coverage for a specified period. One of the types of Term Life policies that most likely contains a Renewability feature is the Guaranteed Renewable Term Life policy. This policy allows the policyholder to renew the coverage at the end of the initial term without undergoing a medical examination, although the premiums may increase.
Learn more about Renewability feature in Term Life insurance policies here:
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