Ace Arkansas Life & Health Insurance 2025 – Secure Your Success!

Question: 1 / 400

In order to convert a term policy to a permanent policy as of the original issue age, which of the following is not required?

Meeting the insurability requirements

In order to convert a term policy to a permanent policy as of the original issue age, meeting the insurability requirements is not required. This is because the conversion privilege typically allows the policyholder to convert the policy to a permanent one without the need for proof of insurability, regardless of any changes in health or other factors since the original policy was issued.

Options B and C are necessary for converting a term policy to a permanent policy within the appropriate timeline and paying the appropriate conversion premiums.

Option D is not accurate because cash values do not need to be paid out first before the conversion can be effected. Converting a term policy to a permanent policy usually involves paying the necessary conversion premiums outlined in the policy terms, not cashing out any cash values first.

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Filing for conversion within the appropriate timeline

Paying appropriate conversion premiums

The cash values will have to be paid out first before the conversion can be effected

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