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American Bankers Association CTFA Exam - Topic 6 Question 105 Discussion

It is a term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability
D) Renewability
A) Straight term policy
B) Term life insurance
C) Decreasing term policy

American Bankers Association CTFA Exam - Topic 6 Question 105 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 105
Topic #: 6
[All CTFA Questions]

It is a term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability

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Suggested Answer: D

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Dierdre
2 hours ago
I’m confused between straight term and renewability; I hope I can remember which one allows for renewal without proof of insurability.
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Tabetha
5 days ago
I feel like I saw a similar question in our practice tests, and I think the answer was about the renewability option.
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Pamella
10 days ago
I remember studying about term life insurance, but I can't recall if it specifically covers renewability without evidence of insurability.
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Shonda
16 days ago
I think this might be related to the renewability feature, but I'm not entirely sure if that's the right term for it.
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