Questions: g/launch/aicc/sid/3227048 Question 22 of 35 Which of the following has the right to convert the existing term coverage to permanent insurance? A. Producer B. Insurer C. Beneficiary D. Policyowner

The answer is D. Policyowner

A producer, also known as an insurance agent, does not have the authority to convert a term policy to a permanent policy. Their role is to sell and service insurance policies, but they do not have the rights to make changes to the policy itself.

While the insurer (the insurance company) provides the option for conversion, they do not initiate or have the right to convert the policy without the policyowner's request. The insurer's role is to honor the terms of the policy as agreed upon.

The beneficiary is the person designated to receive the death benefit from the policy. They do not have any rights to make changes to the policy, including converting it from term to permanent insurance.

The policyowner is the individual who owns the insurance policy and has the contractual rights to make changes to it. This includes the right to convert a term policy to a permanent policy, provided the policy includes a conversion option and the conversion is done within the specified period.