Renewable term assurance is level term assurancebut with the flexibility to renew the plan regardless ofyour state of health at the point of renewal.In short you take out your term assurance for a setterm, for example 10 years but include the renewableoption. At the 10-year anniversary you will be giventhe option to renew the plan free of underwriting (ie, no further medical questions) for a further 10 years.Obviously there is a certain amount of risk on the lifecompany in plans such as this and for this reasonthey only offer the renewal option to clients in a goodstate of health at outset. The monthly premiums arealso likely to be more expensive to cover theincreased potential cost of the benefit.Apart from the renewal option within the plan, renewable term assurance runs in exactly the sameway as level term assurance.As with all types of life cover, critical illness cover andwaiver of premium benefit can also be built in.