Answered

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Which of the following types of Term Life policies most likely contains a renewability feature?

A. Annual Renewable Term (ART)
B. Level Term
C. Decreasing Term
D. Return of Premium Term

Sagot :

GinnyAnsweridn

Final answer:

Term Life insurance policies with renewability allow policyholders to renew coverage without a medical exam, potentially with increased premiums.


Explanation:

Term Life insurance policies are policies that provide coverage for a specified period. One of the types of Term Life policies that most likely contains a Renewability feature is the Guaranteed Renewable Term Life policy. This policy allows the policyholder to renew the coverage at the end of the initial term without undergoing a medical examination, although the premiums may increase.


Learn more about Renewability feature in Term Life insurance policies here:

https://brainly.com/question/41159843


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