Which of the following statements about re-entry term insurance is true?

A) It permits the coverage to be renewed an unlimited number of times as long as insurability is demonstrated.
B) It permits a refund of premiums paid if the term insurance is renewed a specified number of times.
C) It permits a lower renewal premium if the insured demonstrates insurability.
D) It permits a lapsed whole life policy to be reinstated as term insurance.

Answer: C