Final answer:
Term life insurance allows continuation each year without medical examination, with premium rates dependent on the insured's age at renewal.
Step-by-step explanation:
The type of life policy that can be continued year after year without a required medical examination, with rates that are dependent on the insured's current age, is Term life insurance. Term life insurance is designed to provide coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the insured wishes to continue the coverage, the premium will be based on their current age, increasing as they get older. This is different from Whole life, Universal life, and Variable life insurance policies which typically offer a level premium and lifelong coverage.