Which of the following statements about re-entry term insurance is true?
A) It permits substandard risks to purchase insurance at standard rates.
B) It permits a refund of premiums paid if the term insurance is renewed a specified number of times.
C) It permits a lower renewal premium if the insured demonstrates insurability.
D) It permits a lapsed whole life policy to be reinstated as term insurance.
Correct Answer:
Verified
Q2: Which of the following is a noneconomic
Q3: The human life value is defined as
Q4: The period during which a surviving spouse
Q5: Which of the following statements about the
Q6: Which of the following pieces of information
Q7: Sarah is using the needs approach to
Q8: What is the length of the readjustment
Q9: Bill is attempting to determine how much
Q10: Jessica is an agent for LMN Life
Q11: All of the following are defects which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents