Question

If Jaime has an adjustable life policy, he can: a. Convert term to lessen the amount of the whole life b. Convert whole life to lessen or increase the term c. Convert term to equal whole life d. All of the above

Answer 1

If Jaime has an adjustable life policy, he can convert term to lessen the amount of the whole life, convert whole life to lessen or increase the term, and convert term to equal whole life.

Step-by-step explanation:

If Jaime has an adjustable life policy, he can convert term to lessen the amount of the whole life, convert whole life to lessen or increase the term, and convert term to equal whole life. An adjustable life policy allows policyholders to change the terms of their policy, including the amount of coverage and the duration of the policy. By converting from term to whole life, Jaime can ensure a permanent life insurance coverage with a cash value component that accumulates over time.

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