If you have a conversion term policy,

1. Your policy will have the same premium as other term policies.

2. Your benefit to your beneficiary will be less as time passes.

3. You can convert your policy from permanent to term at any time.

4. Your premium will not increase when you renew it.

5. You can convert your term policy to a permanent policy.

Question

Social Studies

Angelica Goodman

24 October, 16:40

If you have a conversion term policy,

1. Your policy will have the same premium as other term policies.

2. Your benefit to your beneficiary will be less as time passes.

3. You can convert your policy from permanent to term at any time.

4. Your premium will not increase when you renew it.

5. You can convert your term policy to a permanent policy.

+5

Answers (1)

Know the Answer?

Leon Lloyd · Answer 1

Answer is 5. You can convert your term policy to a permanent policy.

Explanation:

Term policy is where a set amount of money is paid to the beneficiary of the person that did the term with an insurance company, peradventure the owner of the policy.