The convertibility option for term life insurance policies provides for:
A) such clause to be included in the relevant policy document subject to a medical examination.
B) the insured to convert the current policy into ordinary shares at a discount to the current share price.
C) the insured to convert the current policy into any other type of insurance policy so long as the sum insured does not alter.
D) both a and c
Correct Answer:
Verified
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