If You Buy a Term Insurance Policy with a Conversion

question 16

Multiple Choice

If you buy a term insurance policy with a conversion option, this means that you

• A) will get most of your premiums back if you terminate the policy before its expiration.
• B) can convert the policy to a larger term policy after one year.
• C) can convert your term policy to a whole life policy during the conversion period.
• D) will be able to change the term of your policy and automatically extend it.

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Definitions:

Sensory Cortex

The region of the brain responsible for processing sensory information received from the body, including sight, sound, touch, taste, and smell.

Motor Cortex

A region of the cerebral cortex involved in planning, controlling, and executing voluntary movements.

Gollin Figure Test

A psychological test used to assess visual recognition and memory by having participants identify progressively clearer images of objects.