Fundamentos del Seguro de VidaPregunta 367 de 716
A term policy that permits the insured to exchange it for a permanent policy without providing new evidence of insurability is described as:
a.Increasing
b.Participating
c.Renewable
d.Convertible
Explicación
A convertible term policy lets the owner change it to a permanent policy without a new medical exam or proof of insurability, which is valuable if the insured's health declines. A renewable feature lets the owner continue the term coverage without new evidence but does not convert it to permanent. Increasing describes a benefit that grows. Participating describes a policy that pays dividends. Convertibility specifically addresses moving from temporary to permanent coverage.
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Preguntas relacionadas de este tema
- In a universal life policy, choosing the 'level death benefit' option (Option A) rather than the 'increasing death benefit' option (Option B) generally results in:
- In a variable life insurance policy, the cash value and (in part) the death benefit can rise or fall based on the performance of separate account investments. Because of this investment risk, the producer selling it generally must:
- The method of estimating life insurance need that totals specific obligations, such as final expenses, debts, income replacement, and education, then subtracts existing assets, is the:
- Annual renewable term lets the policyowner continue coverage each year without new evidence of insurability, but:
- Term insurance costs less than whole life for the same face amount primarily because term insurance:
- In a traditional whole life policy, the cash value:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)