A Term Insurance Policy That Includes a Conversion Privilege Gives

question 47

Multiple Choice

A term insurance policy that includes a conversion privilege gives the insured the right to:

• A) renew the policy for another time period of the same length
• B) exchange the term policy for a permanent plan of insurance
• C) increase or decrease the death benefit
• D) include the nonforfeiture provision in the policy

---

Definitions:

Alcohol Abuse

Denotes the harmful use of alcohol that negatively impacts a person's health, social, or economic functioning.

Phencyclidine

A synthetic dissociative drug originally developed as an anesthetic, known for its hallucinogenic and neurotoxic effects.

D-lysergic Acid Diethylamide

A powerful psychedelic drug known for altering perception, thoughts, and feelings, commonly referred to as LSD or acid.

Cocaine Overdose

A critical and potentially fatal condition caused by consuming too much cocaine, leading to severe health complications.