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Which of the following is a characteristic of term insurance?I. The policy endows at age 100.II. A decreasing term policy is automatically renewable.III. There is insurance protection for only a limited period of time.
Options
a. I Only
b. I & II
c. I, II & III
d. III Only
Answer: D
The above question Which of the following is a characteristic of term insurance?I. The policy endows at age 100.II. A decreasing term policy is automatically renewable.III. There is insurance protection for only a limited period of time., Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
