Question

What is the primary advantage of convertible term insurance policies?

a.

They offer permanent cash value insurance.

b.

They have lower premium rates than traditional term policies.

c.

They do not require any medical underwriting.

d.

They allow policyholders to convert the policy to permanent insurance without providing fresh evidence of insurability.

Posted under IC38 Life Insurance Agent Exam

Answer: (d).They allow policyholders to convert the policy to permanent insurance without providing fresh evidence of insurability. Explanation:Convertible term insurance policies allow policyholders to convert their policy to permanent insurance without the need for fresh evidence of insurability.

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Q. What is the primary advantage of convertible term insurance policies?
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