Which of the following statements regarding the grace period for life insurance is NOT correct?
A) It is usually shorter than 30 days.
B) It can vary according to the particular policy.
C) It begins the date the premium is due.
D) The overdue premium plus interest (if there is a loan) may be deducted from any death claim that occurs during the grace period."
Ans: A) It is usually shorter than 30 days.
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