44.7k views
5 votes
An agent's attempt to stop the replacement of an existing life insurance policy or annuity is known as

1 Answer

6 votes
The answer for this question is: Conservation
In most cases, conservation action in life insurance will be taken if a premium on a certain policy has been outstanding for a specific period of time.
In this case, to protect the company from any potential loss, they need to replace the insurance policy as soon as possible
User NimmoNet
by
8.1k points