Question

An insured has a Level Term Life Insurance policy that is guaranteed renewable and also includes a re-entry provision. The re-entry provision would allow the insured to renew the policy and

a. Pay a lower renewal premium without evidence of insurability
b. Change the type of insurance without evidence of insurability
c. Pay a lower renewal premium by proving insurability
d. Change the type of insurance by proving insurability

Answer 1

The re-entry provision in a Level Term Life Insurance policy allows the insured individual to renew the policy without providing evidence of insurability.

Step-by-step explanation:

The re-entry provision in a Level Term Life Insurance policy allows the insured individual to renew the policy. This provision typically allows the insured to renew the policy without providing evidence of insurability. The insured would not have to prove that they are still in good health or provide any additional information. The re-entry provision is designed to make it easier for the insured to continue their coverage without facing obstacles or higher premiums.