All of the following statements about term insurance are true EXCEPT:Most policies can be converted to...

All of the following statements about term insurance are true EXCEPT:Most policies can be converted to a permanent life insurance policy. Most policies can be renewed for additional periods without evidence of insurability. The insurance provides protection for a temporary period of time. Most policies have a cash value that can be taken by the policyowner when coverage ceases.

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Expert Solution

d. Most policies have a cash value that can be taken by the policyowner when coverage ceases.

it is permanent whole life policies which have a cash value that can be taken by the policy owner when coverage ceases.

Rest of the points are true for term insurance.

They can be converted to a permanent life insurance policy.

Policies can be renewed for additional periods without evidence of insurability.

Term insurance provides protection for tempaorary period.

jeff jeffy answered 2 years ago

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