The automatic premium loan provision in life insurance:
A) pays the face amount of a life insurance policy to a terminally ill insured
B) pays premiums due out of the policy's cash value if the policy owner forgets to pay
C) provides spendable cash to a terminally ill insured out of the cash value
D) provides disability income payments as a loan from the cash value
Correct Answer:
Verified
Q2: Brak purchased a $25,000 life insurance policy
Q3: Which of the following is not a
Q4: Which of the following is not a
Q5: Dallas took out a loan against her
Q6: Which of the following is false regarding
Q7: The gender of the person receiving periodic
Q8: The entire contract clause in life insurance
Q9: Mr. Harvey needs life insurance. He is
Q10: McCartney lied on his life insurance application.
Q11: George forgot to pay his monthly life
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