3303. Using the conversion option present in a term policy you can convert the same to _________.

Whole life policy
Mortgage policy
Bank FD
Decreasing term policy
✅ The correct answer is A.
Using the conversion option present in a term policy you can convert the same to Whole life policy. Most term life insurance policies sold today come with a conversion feature that allows you to convert some or all of your term life insurance policy to a permanent policy like whole life, universal life or variable life.

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