How long must an individual long-term policy be renewable?

A long-term insurance policy is designed to provide coverage for an extended duration, and the key feature of renewability is central to its function. By stipulating that a policy must be renewable for life, it ensures that the policyholder can continue to receive benefits for as long as the premiums are paid, without the risk of being denied coverage due to age or health deterioration.

This provision is particularly important for individuals who may develop health issues that could affect their insurability in the future. A lifetime renewability clause affords them peace of mind, knowing that they will not outlive their policy or face unexpected lapses in coverage due to conditions that arise after the policy is initially obtained.

The other options suggest limited time frames or specific age cutoffs for renewability, which does not align with the fundamental purpose of long-term insurance. The commitment for life underlines the policy's reliability and security, reinforcing its value to policyholders throughout their lifetime.