Which of the following statements about yearly renewable term insurance is (are) true?

I. It requires evidence of insurability for renewal.

II. It is most appropriate when an insured needs lifetime protection.

A) I only

B) II only

C) both I and II

D) neither I nor II

Question

Business

Christian Hutchinson

24 March, 06:19

Which of the following statements about yearly renewable term insurance is (are) true?

I. It requires evidence of insurability for renewal.

II. It is most appropriate when an insured needs lifetime protection.

A) I only

B) II only

C) both I and II

D) neither I nor II

+5

Answers (1)

Know the Answer?

Glenn Duarte · Answer 1

D) neither I nor II

Explanation:

Yearly or Annual renewable term insurance (ART) is a specific type of life insurance policy that offers the individual life insurance for a set amount of years following the signing of the insurance policy. Therefore based on this information it can be said that neither of the statements listed in the question are true.

Which of the following statements about yearly renewable term insurance is (are) true?I. It requires evidence of insurability for renewal.II. It is most appropriate when an insured needs lifetime protection.A) I onlyB) II onlyC) both I and IID) neither I nor II

Which of the following statements about yearly renewable term insurance is (are) true?

I. It requires evidence of insurability for renewal.

II. It is most appropriate when an insured needs lifetime protection.

A) I only

B) II only

C) both I and II

D) neither I nor II