In life insurance policy, if the insured dies during the grace period, the amount of the premiums past due need not be paid and the entire face amount of the policy will be paid to the beneficiary.
Correct Answer:
Verified
Q2: The difference between the reserve at any
Q3: With universal, current assumption, and variable universal
Q4: In variable life insurance, the assumed rate
Q5: The accumulation value and cash value of
Q6: The current mortality rate, in universal life,
Q7: Single premium life policies are mainly sold
Q8: The amount at risk for the insurer
Q9: Some life insurance policies include dividends, and
Q10: In a one-year term life insurance, an
Q11: The premiums of life insurance policies increase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents