Which of the Following Statements Regarding Convertible Term Insurance Is

question 25

Multiple Choice

Which of the following statements regarding convertible term insurance is true?

• A)Evidence of insurability must be provided to convert the policy.
• B)More term policies are converted using the original-age method than using the attained-age method.
• C)The converted coverage has a lower face amount than the term coverage.
• D)The annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.

---

Definitions:

Kerner Report

The Kerner Report was a document published in 1968 by the National Advisory Commission on Civil Disorders, which investigated the causes of the 1967 race riots in the United States and provided recommendations for prevention.

Ghetto Violence

Refers to the occurrence of violent crimes and gang activities primarily in densely populated, economically disadvantaged urban areas.

Segregation

The enforced separation of different racial or ethnic groups, particularly evident in laws and practices regarding schools, public transportation, and other public facilities.

Republican Nomination

The process by which the Republican Party in the United States selects its candidate for an elected office, particularly for the presidency.