Cơ bản về bảo hiểm nhân thọCâu 379 / 716
The chief advantage of the conversion privilege on a term policy is that the insured can:
a.Stop paying premiums while keeping full coverage
b.Automatically double the death benefit at no cost for the entire remaining coverage period
c.Receive a full cash refund of all premiums paid
d.Obtain permanent coverage without having to prove insurability again
Giải thích
Conversion lets the owner exchange term coverage for a permanent policy without new evidence of insurability, which protects someone whose health has worsened and who could no longer qualify for new coverage. It does not refund premiums, does not double the benefit for free, and does not eliminate premiums (the permanent policy will cost more). The value of conversion is preserving insurability while moving to lasting protection.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Under the level premium approach used in whole life, the premiums charged in the early policy years are:
- An applicant with a significant but insurable health impairment will most likely be placed in which underwriting classification?
- A 'preferred' risk classification is generally assigned to an applicant who:
- Whole life insurance is generally most suitable for a client who wants:
- For most families, the amount of life insurance protection needed typically:
- Which of the following is a common personal use of life insurance?
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)