SCI CLUS01 Practice Questions - SCI CLUS01 Individual Life Insurance Examination Exam

A renewable term policy allows the policyowner to:

Extend coverage for another term period, usually without new medical underwriting at renewal Convert the policy to whole life without evidence of insurability Withdraw cash value equal to the reserve at any time Reduce premiums by accepting a lower sum assured mid-term

Correct Answer:

Extend coverage for another term period, usually without new medical underwriting at renewal

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