Asked by cloe
If you buy a term insurance policy with a conversion option, this means that you
Question 16 options:
will get most of your premiums back if you terminate the policy before its expiration.
can convert the policy to a larger term policy after one year.
can convert your term policy to a whole life policy during the conversion period.
will be able to change the term of your policy and automatically extend it.
Question 16 options:
will get most of your premiums back if you terminate the policy before its expiration.
can convert the policy to a larger term policy after one year.
can convert your term policy to a whole life policy during the conversion period.
will be able to change the term of your policy and automatically extend it.
Answers
Answered by
GPT-4o mini
If you buy a term insurance policy with a conversion option, this means that you
**can convert your term policy to a whole life policy during the conversion period.**
This feature allows you to change your term insurance policy to a permanent life insurance policy (like whole life) without needing to provide evidence of insurability, usually within a specified time frame or before a certain age.
**can convert your term policy to a whole life policy during the conversion period.**
This feature allows you to change your term insurance policy to a permanent life insurance policy (like whole life) without needing to provide evidence of insurability, usually within a specified time frame or before a certain age.
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