If You Have a Renewable Term Policy

question 91

Multiple Choice

If you have a renewable term policy,

• A) You may not continue it for another term 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) All of the above are correct.

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Definitions:

Weights

Values assigned to various elements in a computation to reflect their importance.

Police Officers

Members of law enforcement agencies who are empowered to enforce the law, protect property and the lives of citizens, and prevent crime and civil disorder.

Whiskers

In a box plot, lines that extend from the quartiles to the highest and lowest values, excluding outliers, to show the range of the data.

Box Plot

A graphical representation of data that displays the distribution of data through their quartiles, highlighting the median, quartiles, and outliers.