____ is a common provision in many term policies.
A)A reward clause
B)A renewable clause
C)Cash value
D)A limited clause
E)An arbitration clause

Question

Quizplus · Accepted Answer

A renewable clause allows the policyholder to renew their policy at the end of the term without having to go through the underwriting process again. This is a common provision in many term policies as it provides the policyholder with the option to extend their coverage without having to worry about their insurability.

____ Is a Common Provision in Many Term Policies