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All of the following statements about the conversion of a term policy are true EXCEPT

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All of the following statements about the conversion of a term policy are true EXCEPT

All of the following statements about the conversion of a term policy are true EXCEPT
A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion.
B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy.
C) Most insurers require original age conversion to take place within a specified period (5 years, for example) of the issue of the term policy.
D) Evidence of insurability is required before a conversion is permitted.

Textbook

Principles of Risk Management and Insurance

Edition: 12^th

Authors: Rejda, McNamara

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This calls for a celebration Person Raising Both Hands in Celebration

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