Ask Question
15 July, 13:16

According to federal law, an insurance company under the provisions of the Investment Company Act of 1940 must allow a variable life policyholder the option to convert the policy into a whole life contract for a period of

+4
Answers (1)
  1. 15 July, 13:34
    0
    Answer: 24 months

    Explanation:

    The law of the state allows for periods more than 24 months, a 2 years of conversion privilege is required by federal law.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to federal law, an insurance company under the provisions of the Investment Company Act of 1940 must allow a variable life ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers