Barbara's Policy Includes A Rider
A waiver of premium rider allows an insured to waive premium payments if the insured is
A) temporarily disabled
B) unemployed
C) completely and permanently disabled
D) experiencing fiscal hardship C) completely and permanently disabled
Which of the following is Not a mutual life insurance policy rider?
A) extended term
B) automatic premium loan
C) waiver of premium
D) accidental decease A) extended term
A policyowner may practice which of these dividend options that uses the dividend to pay all or
office of the next premium due?
A) Reduction of premium dividend option
B) Extended term choice
C) Paid-up option
D) Greenbacks dividend selection A) Reduction of premium dividend pick
If an insured'due south historic period on a life insurance policy has been misstated, what is the insurer's liability if
the insured dies?
A) No expiry benefit is owed considering of the misstatement of age
B) The total original death benefit listed on the policy
C) A prorated death benefit based on the amount of insurance the insured'south premiums would
have been if purchased at the correct age
D) The original death benefit listed on the policy minus any outstanding loans and interest
C) A prorated expiry benefit based on the amount of insurance the insured's premiums
would take been if purchased at the right historic period
What is the name of the provision which states that a copy of the application must be attached
to the policy when issued?
A) Policy Summary
B) Heir-apparent's Guide
C) Unabridged Contract
D) Entire Policy C) Entire Contract
A provision that allows a policyowner to temporarily requite upward ownership rights to secure a loan is
called a(n)
Barbara's Policy Includes A Rider,
Source: https://www.studocu.com/ph/document/ateneo-de-manila-university/bs-accountancy/chapter-4-policy-provisions-options-and-riders-exam-2/27883015
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