A convertibility option added to a term policy gives the insured the option of
A) converting the term insurance to common stock of the insurance company.
B) converting the term policy into cash.
C) converting the term policy to a whole life, level premium policy.
D) canceling the policy at any time.
Correct Answer:
Verified
Q56: Life insurance companies tend to be larger
Q57: Life insurance protects the insured from
A) premature
Q58: Which one of the following statements about
Q59: The National Association of Insurance Commissioners is
Q60: _ risk is the chance of loss,
Q62: Life insurance companies have a portion of
Q63: Social security is a _ pension plan.
A)
Q64: All but one of the following was
Q65: All but one of the following are
Q66: While life insurance provides economic protection in
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