Using the conversion option present in a term policy you can convert the same to _________.
A. Whole life policy
B. Mortgage policy
C. Bank FD
D. Decreasing term policy
Answer: Option A
Solution(By Examveda Team)
Using the conversion option present in a term policy you can convert the same to Whole life policy. Most term life insurance policies sold today come with a conversion feature that allows you to convert some or all of your term life insurance policy to a permanent policy like whole life, universal life or variable life.Related Questions on Insurance
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