Management Notes

Reference Notes for Management

When a policyowner exchanges a term policy for a whole life policy without providing proof of good health, which of these apply?

When a policyowner exchanges a term policy for a whole life policy without providing proof of good health, which of these apply

When a policyowner exchanges a term policy for a whole life policy without providing proof of good health, which of these apply?

 Options:

Extended term option
Conversion provision
1035 Exchange
Incontestable period

The Correct Answer Is:

  • Conversion provision

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