Fifty-six year old Krista is the policy owner and life insured of a 10-year term...
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Finance
Fifty-six year old Krista is the policy owner and life insured of a 10-year term life insurance policy, with a face value of $250,000. This includes a convertible feature that allows conversion up to age 75. The primary benefit to a convertibility feature is:
Question 29 options:
It will lower the premiums on the policy
It allows the policy owner to convert to term 100 insurance
It allows the policy owner to adjust premiums at any time
It allows the policy owner to convert to permanent insurance without providing medical evidence of good health
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