All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT

All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT


A. Upon conversion, the death benefit of the permanent policy will be reduced by 50%

B. Evidence of insurability is not required

C. Most term polices contain a convertibility option

D. Upon conversion, the premium for the permanent policy will be based upon attained age


Answer: A. Upon conversion, the death benefit of the permanent policy will be reduced by 50%

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