Multiple choice

The right to change insurance coverage from one type of policy to another is known as

  1. contingent beneficiary

  2. consumer choice plans

  3. conversion privilege

  4. coordination of benefits
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The right to change (convert) insurance coverage from one type of policy to another is known as conversion privilege. A conversion privilege also guarantees coverage and set premium payments for a certain number of years regardless of the health status of the insured.

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