38.6k views
1 vote
What typically changes at re entry option date found in term life policy?

User Temur
by
7.9k points

1 Answer

5 votes

The answer is "premium".


A re-entry choice gives the protected the chance to give confirmation of insurability toward the finish of the term to fit the bill to recharge the arrangement at a lower premium.

When you purchase a term life policy, you are purchasing a guarantee from an insurance agency that it will pay your recipients a set sum on the off chance that you bite the dust amid the approach's term. In return, you pay a month to month premium to the organization for the length of that term.

User FabiF
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories