Tuesday, April 29, 2014
Francesca Brown has a life insurance policy that provides her with protection for the next 10 years.
Francesca Brown has a life insurance policy that provides her with protection for the next 10 years. However, she can get five more years of protection at the end of this term without having to have a medical examination until she reaches the age of 70. Her premiums will rise during each five year period. What type of life insurance does Francesca likely have? A. Term insurance B. Renewable term insurance C. Convertible term insurance D. Decreasing term insurance
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