Florida Life and Health Insurance License Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which provision allows the policyowner to change a term life policy to a permanent one without providing proof of good health?

  1. The renewal provision

  2. The conversion provision

  3. The grace period provision

  4. The non-forfeiture provision

The correct answer is: The conversion provision

The conversion provision allows the policyowner to convert a term life policy into a permanent one without having to pass a medical exam or provide proof of good health. This option is incorrect because the renewal provision simply allows the policy to be extended for a new term, but not changed into a permanent policy. The grace period provision is also incorrect because it allows a brief period of time to pay the premium after the due date, but it does not pertain to changing policy types. The non-forfeiture provision is also incorrect because it deals with the protection of the policy's cash value if the premiums are not paid. Therefore, the conversion provision is the most appropriate choice for allowing a change in policy type without needing to prove good health.

More Questions Like This