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tigry1 [53]
3 years ago
8

All the following statements concerning term insurance are correct EXCEPT: Group of answer choices Most policies can be renewed

for additional periods without evidence of insurability. Most policies can be converted to a permanent life insurance policy. Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops. The insurance provides protection for a certain period of time.
Business
1 answer:
Andru [333]3 years ago
8 0

Answer: Most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops.

Explanation:

Term insurance is a type of life insurance policy whereby the policy owner will be given coverage for a particular time period.

It should be noted that term insurance can be renewed for additional periods without evidence of insurability and can also be converted to a permanent life insurance policy.

The option that most policies have a nonforfeiture benefit to refund a portion of a policy's cash value when coverage stops is not true.

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Answer:

option A  

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Explanation:

I hope this helps

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