If a Term Life Insurance Policy Is Convertible, It Can

question 71

Multiple Choice

If a term life insurance policy is convertible, it can be:

• A) transferred to the life of another person in the future.
• B) exchanged for cash in the future.
• C) changed to health or disability protection.
• D) changed to a comparable whole life policy in the future.
• E) revised as needed by the insurer.

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Definitions:

Natural Caregivers

Individuals who innately possess a tendency or ability to provide care and support to others in a compassionate manner.

NCDA Policy

Guidelines and stances established by the National Career Development Association that govern the practice and ethics of career development professionals.

Occupational Choices

The selection of careers or jobs based on personal preference, skill set, and market opportunities.

Community Career Development Centers

Provide resources, guidance, and support for individuals in their professional development and employment search, often offering services like career counseling and job training.