If You Have a Multiyear Level Term Policy

question 40

Multiple Choice

If you have a multiyear level term policy,

• A) You can convert your policy to a permanent type at the end of the term.
• B) You policy will continue for one year.
• C) Your premium will be the same for the duration of your policy.
• D) Your premium will not increase when you renew it.
• E) None of these is correct.

---

Definitions:

Customer Structures

The organization and segmentation of a company's customer base, often based on characteristics like needs and behavior.

Product Structures

Organizational designs that group together employees based on the products or services they work with, to enhance focus and innovation.

Process Structures

The arrangement of resources in a company to convert inputs into outputs effectively, reflecting its operational strategy and goals.

Matrix Structures

Organizational designs that combine two or more different structures, typically functional and divisional, facilitating better communication and flexibility.