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K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable?

October 14, 2023September 26, 2022 by Smirti Bam

K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable

K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable?

Options:

Increasing
Decreasing
Adjustable
Level

The Correct Answer Is:

Level