If You Have a Renewable Term Policy

question 94

Multiple Choice

If you have a renewable term policy,

• A) You may not purchase insurance once your term ends.
• B) Your premium may increase if you continue it for another term because you will be older.
• C) Your premium will not increase because your policy is renewable.
• D) You can convert your policy to a permanent type at the end of the term.
• E) None of these is correct.

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Definitions:

Consumer Revolution

A period marked by an increase in the consumption and variety of luxury goods and products by individuals from different economic classes.

Seven Years' War

A global conflict fought between 1756 and 1763, involving most of the great powers of the time and affecting Europe, North America, Central America, the West African coast, India, and the Philippines.

French and Indian War

A conflict between Britain and France (1754-1763) in North America, part of a larger global contest, which also involved Native American tribes aligned with each side.

George Washington

The first President of the United States (1789-1797), commander-in-chief of the Continental Army during the American Revolutionary War, and one of the Founding Fathers of the United States.