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Insurers generally require policyowners to provide evidence of the insured's insurability in order to change from...

Insurers generally require policyowners to provide evidence of the insured's insurability in order to change from another dividend option to the

accumulation at interest option
premium reduction option
additional term insurance option
paid-up additional insurance option

Solutions

Expert Solution

c.additional term insurance plan.

IF the policy owner intends to change his existing dividend option to additional term insurance option, he needs to provide evidence of insurability.

In case of any other conversion, such as accumulation at interest option, premium reduction option, paid up additional insurance option etc, such additional evidence is not required.

jeff jeffy answered 2 years ago
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