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soldi70 [24.7K]
3 years ago
8

Which of the following statements regarding convertible term insurance is true?

Business
1 answer:
Shtirlitz [24]3 years ago
8 0

Answer: The annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.

Explanation:

A convertible insurance policy is a term that is related to life insurance as it can be changed to a permanent life insurance policy.

Of the options given, the option that is true is that the annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.

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