Question

A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.

A Convertible Insurance Correct Answer Incorrect Answer
B Contract Liability Correct Answer Incorrect Answer
C Contractual Liability Correct Answer Incorrect Answer
D Contingent Policy Correct Answer Incorrect Answer

Solution

A term policy that can be converted to permanent coverage rather than expiring on a specific date is called Convertible Insurance.

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