When an insured terminates membership in the insured group, the insured can convert to what type of individual life insurance?

A. Term life without proof of insurability
B. Term life with proof of insurability
C. Whole life without proof of insurability
D. Whole life with proof of insurability

Question

25-07-2024
Business

Answered

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When an insured terminates membership in the insured group, the insured can convert to what type of individual life insurance?

A. Term life without proof of insurability
B. Term life with proof of insurability
C. Whole life without proof of insurability
D. Whole life with proof of insurability

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-25T18:25:34-04:00

Final answer:

When an insured terminates membership in the insured group, they can convert to Whole life insurance without proof of insurability.

Explanation:

When an insured terminates membership in the insured group, they can convert to Whole life without proof of insurability. This means they can switch to a whole life insurance policy without having to provide evidence of their insurability.

Learn more about life insurance policies here:

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Sagot :

Final answer:

Explanation:

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