What is a primary characteristic of non-renewable policies?

The primary characteristic of non-renewable policies is that they have a definitive end date with no options for renewal. This means that once the term of the policy expires, it cannot be extended or continued in any way, leading to a situation where the coverage provided by the policy is temporary. This is particularly significant in the context of accident and health insurance, as it requires policyholders to seek new coverage or risk being uninsured once the policy term ends.

In contrast, policies that require annual premiums regardless of claims might offer more flexibility in terms of keeping the insurance in force, but they differ fundamentally in terms of their renewal characteristics. Policies that only allow for one renewal or those specifically designed for high-risk individuals also do not capture the essence of non-renewable policies, which fundamentally lack any options for continuation once the policy term has concluded.