Key features found in most life insurance contracts include
A)settlement options.
B)policy reinstatement.
C)change of policy.
D)all of the above.
E)none of the above.

Question

Quizplus · Accepted Answer

Most life insurance contracts include settlement options, policy reinstatement, and change of policy as key features. Settlement options allow the policyholder to choose how the death benefit will be paid out to beneficiaries, policy reinstatement allows the policyholder to reinstate a lapsed policy, and change of policy allows the policyholder to make changes to the policy (such as increasing or decreasing coverage). Therefore, option D is the correct choice.

Key Features Found in Most Life Insurance Contracts Include