The Feature That Allows an Insured to Swap a Term

question 16

Multiple Choice

The feature that allows an insured to swap a term policy in the future for a whole life policy is designated:

• A)Convertible term
• B)Swap term
• C)Flexible swap
• D)Convertible swap
• E)None of the above

---

Definitions:

Self-Concept

The view individuals have of themselves as physical, social, spiritual, or moral beings.

Society

A group of individuals living together in a community or organized group, sharing common traditions, institutions, and values.

Hofstede's Framework

A model that describes national cultures according to several dimensions, including individualism vs. collectivism and power distance, offering insights into cultural differences.

Individualism-Collectivism

A cultural dimension that measures the degree to which individuals are integrated into groups, focusing on self-reliance versus group interdependence.