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Mary decides to convert her Term Policy to permanent protection. Which of the following statements is true regarding the conversion?

(A) She may convert if her health has not deteriorated.
(B) She may convert without evidence of insurability.
(C) Premiums and the amount of coverage remain the same.
(D) She may convert after proof of insurability.

1 Answer

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Answer:(B) She may convert without evidence of insurability.

Explanation: Term policy is a type of life insurance where the duration of the policy is stated earlier and agreed, should the policy holder dies before completion of the term the death benefits shall be paid accordingly. Term policy does not require any evidence of insurability before conversion to permanent protection,only the death benefits are the guaranteed sum to be paid in term policy.

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