All of the following statements about the requirements to reinstate a lapsed life insurance policy are true EXCEPT
A) Evidence of insurability is required.
B) The lapse must have resulted from other than the surrender of the policy for its cash value.
C) All overdue premiums must be paid along with interest from the premium due dates.
D) There is no time limit on when the policy may be reinstated.
Correct Answer:
Verified
Q1: What major feature distinguishes a participating policy
Q3: The transfer of all ownership rights in
Q4: Which of the following statements about the
Q5: Which of the following statements about the
Q6: Amy purchased a life insurance policy with
Q7: A contingent beneficiary in a life insurance
Q8: Sources of life insurance dividends include which
Q9: Which of the following statements about the
Q10: Which of the following would be a
Q11: Advantages of selecting the paid-up additions dividend
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