Management Notes

Reference Notes for Management

T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this?

T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this

T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this?

 Options:

Renewable
Increasing
Level
Decreasing

The Correct Answer Is:

  • Renewable

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