Madge took out a $100,000 10-year convertible term policy at age 30. At age 36 she decides to convert the policy to permanent insurance of the same amount on an original-age basis. Which of the following statements is NOT correct?
A) A higher premium will be charged for the new policy.
B) The new policy will build cash values at a faster rate than if she converts at her attained age.
C) Conversion will be contingent upon her evidence of insurability.
D) She must make up the difference in premiums for the period between ages 30 and 36."
Answer: C) Conversion will be contingent upon her evidence of insurability.
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