A convertibility option added to a term policy gives the insured the option of Select one: A.
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Question:
A convertibility option added to a term policy gives the insured the option of
Select one:
A. converting the term policy into cash.
B. converting the term policy to a whole life policy.
C. converting the term insurance to common stock of the insurance company.
D. canceling the policy at any time.
Duration is a measure of
Select one:
A. the bond's reinvestment risk.
B. a bond's price.
C. a bond's contractual maturity.
D. bond price volatility.
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