1. A term insurance policy that includes a conversion privilege gives the insured the right to:
include the nonforfeiture provision in the policy
exchange the term policy for a permanent plan of insurance
increase or decrease the death benefit
renew the policy for another time period of the same length
2. All the following are advantages of level premium whole life insurance except:
small initial outlay v. single premium whole life
furnishes permanent protection
combines savings with insurance
provides inflation protection