a convertible term life policy allows the policyowner, at the end of the policy term, to convert coverage…
a convertible term life policy allows the policyowner, at the end of the policy term, to convert coverage to\na. an annuity\nb. another term life policy\nc. a modified endowment contract\nd. a permanent policy
Answer
Brief Explanations:
A convertible term - life policy gives the policyholder the option to convert the term - life coverage to a permanent policy at the end of the policy term. This is a common feature in life insurance policies to provide more long - term security.
Answer:
D. A permanent policy