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21. Hugh's term life insurance policy offers him the right to convert his coverage to permanent life insurance. Hugh bought the term life insurance 15

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21. Hugh's term life insurance policy offers him the right to convert his coverage to permanent life insurance. Hugh bought the term life insurance 15 years ago when he was 25 . His permanent policy issued on conversion has an issue age of 40 . What type of conversion was made? a. a 1035 exchange b. an attained age conversion c. an original date conversion d. a taxable conversion

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