Management Notes

Management Notes

Reference Notes for Management

Under a Renewable Term policy

Under a Renewable Term policy,

by
Under a Renewable Term policy,

Under a Renewable Term policy,

 Options:

  1. the face amount is automatically adjusted at the time of renewal
  2. evidence of insurability must be provided at each renewal
  3. the renewal premium is calculated on the basis of the insured’s attained age
  4. a new application must be completed at each renewal

The Correct Answer Is:

c. the renewal premium is calculated on the basis of the insured’s attained age

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