American_Bankers_Association
CTFA · Question #328
It is a term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability
The correct answer is D. Renewability. See the full explanation below for the reasoning.
Investment Management
Question
It is a term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability
Options
- AStraight term policy
- BTerm life insurance
- CDecreasing term policy
- DRenewability
How the community answered
(21 responses)- A10% (2)
- B5% (1)
- C5% (1)
- D81% (17)
Topics
#renewability provision#term life insurance#insurability#policy provisions
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