Question 5014 of 303 · California Life-Only Agent Exam
A convertible term policy gives the owner the right to
Exactly one answer is correct.
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Correct answer to question 5014
- D: exchange it for a permanent policy without evidence of insurability
Explanation
The conversion privilege lets the owner switch to permanent coverage without a new medical exam. Premiums are based on the attained or original age depending on the contract.