insurance

What is conditionally renewable?

 

 

What is conditionally renewable?

The Bankrate.com financial term of the day is: "conditionally renewable."

"Conditionally renewable" is a phrase for describing a health plan that gives the insurance company the right to drop you. You can keep renewing your coverage up to a certain date, or until you reach a certain age. However, when it is time to renew, the contract states conditions that could allow the insurer to decide it doesn't want you anymore.

If your health insurance is conditionally renewable, you can stay covered until a certain time or unless the company decides it can ditch you at renewal time, under the terms of your policy.

To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.

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