Which of the Following Statements Is True Regarding the Conversion

question 53

Multiple Choice

Which of the following statements is true regarding the conversion of a 5-year term policy after it has been in force for 5 years?
I.The premium will be lower if an original-age conversion is used.
II.The policyowner will have to make a lump-sum adjustment payment if an attained-age conversion is used.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Preventative Education

Education aimed at preventing problems before they occur, focusing on equipping individuals with the knowledge and tools they need to avoid potential issues.

Direct Community Services

Constitutes the provision of assistance and resources directly to individuals within a community to meet their needs.

AIDS Awareness/Prevention

Educational efforts focused on increasing understanding of HIV/AIDS and promoting behaviors to prevent the spread of the virus.

Teenagers

Adolescents typically aged between 13 and 19 years, navigating through puberty, identity development, and social dynamics.