Ask Question
BusinessBusiness
13 August, 18:30

Frank keating has a life insurance policy that can be exchanged for a whole life policy without a medical examination. once it has been exchanged, the premiums will increase. what type of term life insurance does frank likely have?

+1
Answers (1)
  1. 13 August, 20:02
    0
    The answer to this question is Convertible Term Insurance. Convertible Term Insurance is a type of insurance where in the policy holder can change a term policy for a whole policy without doing the medical examination that is required to new application of plans. Term insurances is an insurance that has a limited coverage period but it can be renewed and can be convertible to permanent life insurance when the plan is already matured.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Frank keating has a life insurance policy that can be exchanged for a whole life policy without a medical examination. once it has been ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The $40 million lottery payment that you have just won actually pays $2 million per year for 20 years. The interest rate is 8%. a. If the first payment comes in 1 year, what is the present value of the winnings? b.
Answers (1)
For a given constant required rate of return, the greatest portion of a preferred stockholder's return comes from increases in the price of preferred stock. a. True b. False
Answers (1)
The drug enforcement agency (dea) is a example of ___? a: state-level criminal justice b: federal-level criminal justice c: national - level criminal justice d: local-level criminal justice
Answers (1)
Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita of China is $4,000, and its annual growth rate is 7%.
Answers (1)
Precise Machinery is analyzing a proposed project. The company expects to sell 7,500 units, ±10 percent. The expected variable cost per unit is $314 and the expected fixed costs are $647,000.
Answers (1)
New Questions in Business
Why does unoka consult the oracle? what does the oracle tell him?
Answers (1)
Which job title would be given to someone responsible for supervising production in a manufacturing setting?
Answers (1)
If a management team wishes to boost the company's stock price, then it should consider actions to
Answers (1)
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)
A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of
Answers (2)
Home » Business » Frank keating has a life insurance policy that can be exchanged for a whole life policy without a medical examination. once it has been exchanged, the premiums will increase. what type of term life insurance does frank likely have?
Sign Up Forgot Password?