Multiple choice general knowledge

Name the provision involved in Term Life Insurance?

  1. Renewal Provision

  2. Policy Loan Provision

  3. Policy Withdrawal Provision

  4. Grace period Provision
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Term life insurance includes a renewal provision that allows the policyholder to renew the policy for another term without evidence of insurability. This provision is specific to term policies as they have a defined coverage period.

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