The guarantee that a policy will continue in force,regardless of the health of the insured for a stated period of time is designated:
A)Unlimited term
B)Renewable term
C)Defined period
D)Defined cost
E)None of the above

Question

Quizplus · Accepted Answer

The term "Renewable term" refers to a policy that can be renewed for a specified period of time, regardless of the insured's health. This means that as long as the premiums are paid, the policy will remain in force for the specified period. The other options do not accurately describe this type of policy.

The Guarantee That a Policy Will Continue in Force,regardless of the Health