how do yrt premiums differ from other types of insurance 
yearly renewable term provides coverage for one year at a time with premiums rising annually based on the insured s current age other policies do not increase the premium as frequently a 10 year renewable term policy for example carries the same premium through its 10 year term and then can be renewed with new premiums based on your older age 4 whole life policies generally charge a set premium throughout the life of the policy that never increases the bottom lineyearly renewable term insurance can be a reasonable choice when you are a young adult or recognize the need for temporary insurance to address a short term financial risk however as years pass and you renew the policy your premiums will rise in parallel with your age consult a life insurance agent to help determine whether yrt is a good solution for your particular situation or if you d be better with a policy that doesn t increase the premium as frequently 