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If You Have a Renewable Term Policy

Question 46

Multiple Choice

If you have a renewable term policy,


A) You may not continue it for another term once your term ends.
B) Your premium may increase if you continue it for another term because you will be older.
C) Your premium will not increase because your policy is renewable.
D) You can convert your policy to a permanent type at the end of the term.
E) All of the above are correct.

Correct Answer:

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