Convertible term offers the policyholder the option of exchanging a term policy for a cash-value policy without evidence of insurability.

Name: Convertible term offers the policyholder the option of exchanging a term policy for a cash-value policy without evidence of insurability.
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

Convertible term offers the policyholder the option of exchanging a term policy for a cash-value policy without evidence of insurability.​

Quizplus · Accepted Answer

This statement is true. Convertible term policies allow the policyholder to convert their term policy to a cash-value policy without having to provide evidence of their insurability.

Convertible Term Offers the Policyholder the Option of Exchanging a Term