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Doctors Medicines MCQs Q&A

  1. Term insurance plans come with life-long renewability option
  2. All term insurance plans come with a built-in disability rider
  3. Term insurance can be bought as a stand-alone policy as well as a rider with another policy
  4. There is no provision in a term insurance plans to convert it into a whole life insurance plan
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1 Answers

Answer: Option 3

Term insurance can be bought as a stand-alone policy as well as a rider with another policy. Term insurance is a life insurance product offered by an insurance company which offers financial coverage to the policy holder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.

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