Question

A term policy that can be converted to permanent

Q: Answer-A term policy that can be converted to permanent coverage rather than expiring on a specific date is...

Liability imposed on an entity by the terms of a contract. As used in insurance, the term refers not to all contractually imposed liability but to the assumption of the other contracting partys liability under specified conditions.

coverage rather than expiring on a specific date is called?

A Contingent Beneficiary

B Contingent Liability

C Contractual Liability

D Convertible

E None of these

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A term policy that can be converted to permanent

Solution