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.

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Definitions:

Depressive Episode

A period characterized by symptoms of major depression, such as deep sadness, loss of interest, sleep disturbances, and feelings of worthlessness, lasting for at least two weeks.

Lethargy

A state of sluggishness, drowsiness, or lack of energy, which can be a symptom of various conditions.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness, also involved in regulating mood, appetite, and sleep among other physiological processes.