There are multiple ways a policy may be issued. Which of the following is not a one of the ways a policy can be issued?

Question

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Life insurance policies cannot be issued as an exchange for another individual. When the applicant does not meet the underwriter's standards for the insurance company, the life insurance policy can be issued as applied for, modified or amended. On occasion, a waiver may be added that issues the policy but will not cover death by a certain event. More often, insurers will issue a limited policy or one at lower limits.

There Are Multiple Ways a Policy May Be Issued