The Feature That Allows an Insured to Swap a Term

question 16

Multiple Choice

The feature that allows an insured to swap a term policy in the future for a whole life policy is designated:

• A)Convertible term
• B)Swap term
• C)Flexible swap
• D)Convertible swap
• E)None of the above

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Definitions:

Smaller Companies

Businesses that operate on a relatively modest scale in terms of their revenues, employees, or market share compared to larger corporations.

Gender Differences

The distinctions in characteristics, behaviors, roles, and cultural expectations traditionally associated with being male or female.

Counterproductive Behaviors

Actions by members within an organization that hinder its objectives or reduce its effectiveness, such as sabotage or theft.

Employer

An individual or organization that hires people to work for wages or salary, responsible for providing employment conditions, tasks, and remuneration.