Questions: C is trying to determine whether to convert her convertible term life policy to whole life insurance using her original age or attained age. What factor would affect her decision the most? A. O The contestable period B. The nonforfeiture options C. The assignment of ownership D. O The cost Submit

The answer is D: The cost.

Explanation for each option: A. The contestable period - This refers to the period during which the insurance company can contest or deny a claim based on misrepresentations made in the application. While important, it is not the primary factor in deciding whether to convert a policy. B. The nonforfeiture options - These are options available to a policyholder if they decide to stop paying premiums, such as receiving a reduced paid-up policy or extended term insurance. While relevant, they are not the most critical factor in the conversion decision. C. The assignment of ownership - This involves transferring the ownership rights of the policy to another person or entity. This is not directly related to the decision of converting the policy. D. The cost - The cost is the most significant factor because converting a term policy to a whole life policy can result in different premium amounts depending on whether the conversion is based on the original age (when the policy was first taken out) or the attained age (the age at the time of conversion). The cost implications of this choice are crucial in making an informed decision.

Summary: The most important factor affecting C's decision to convert her convertible term life policy to whole life insurance using her original age or attained age is the cost.