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24 August, 19:34

According to federal law, an insurance company under the provisions of the Investment Company Act of 1940 must allow a variable life policyholder the option to convert the policy into a whole life contract for a period of

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  1. 24 August, 21:41
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    Answer: 24 months

    Explanation:

    The law of the state allows for periods more than 24 months, a 2 years of conversion privilege is required by federal law.
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