Study for the Oklahoma Life Producer Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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At the end of a term, a policy is either ____________ or ___________ (or __________).

  1. renewable or convertible (or both)

  2. level or term (or both)

  3. temporary or permanent (or both)

  4. convertible or renewable (or neither)

The correct answer is: renewable or convertible (or both)