Q412
Using the conversion option present in a term policy you can convert the same to _________.
A.
Whole life policy
AnswerB.
Mortgage policy
C.
Bank FD
D.
Decreasing term policy
Answer: Option A
Solution
Answer: Option A
Solution:
Using the conversion option present in a term policy you can convert the same to Whole life policy. Most term life insurance policies sold today come with a conversion feature that allows you to convert some or all of your term life insurance policy to a permanent policy like whole life, universal life or variable life.