MR. WATSON: He is going to die. If he dies after the end of the term period, in this case six months left on the policy, his wife receives nothing. Nobody will ever insure him again. His health is rotten.

MR. WATSON: Again, at the end of this six months, he can't buy another policy and after the end of the term, in six months, he’s not covered anymore. If the policy expires no one will insure him because he would now be considered uninsurable. But he developed this after the policy was issued. Show them the back of your head, Lebanon. Y'all see that? His head is distorted now. He has "Political Correctness". You buy insurance with your health and keep it in force with your premiums. His current policy has six months left.

MR. WATSON: Guys, what can we do? What are his options? Some policies have options to renew. They are called optionally renewable contracts or guaranteed renewable contracts. If a policy has option to renew, you can renew this term policy regardless of his health.

MR. WATSON: If a policy has the option to renew, you can renew

• a certain number of times (regardless of his health) or
• up to a certain age, (regardless of his health).

You have to pay for this benefit. It is added to the premium when you first purchased the policy.

JERSEY: Okay.

LEBANON: So she's not going to kill me yet!

MR. WATSON: Not yet. If you have an option to renew you're safe.

But something you need to know is that on the test they’re not going to say, “regardless of his health.” They are going to say, “without evidence of insurability.”  Without evidence of insurability means that you don’t have to be insurable, which means there are no more health questions, physical exams, anything like that.