All of the following statements about the conversion of a term policy are true EXCEPT
A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion.
B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy.
C) Most insurers require original age conversion to take place within a specified period (5 years, for example) of the issue of the term policy.
D) Evidence of insurability is required before a conversion is permitted.
Answer: D
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A trustor defaults on his loan and refuses to reinstate the deed of trust. The most expedient thing for the beneficiary to do is to institute a:
A: Sheriff's sale; B: Lien sale; C: Trustee's sale; D: Judicial foreclosure.
When evaluating sources for quality, consider
A) sources that are new or obscure. B) using only those sources that support your goal. C) the use of strong and specific word choices. D) the potential bias of the source. E) primary sources.