Your policy contains the guaranteed insurability rider. When can you purchase additional insurance on your policy?
A. Any time you wish once proving you are insurable for the additional coverage.
B. At specified ages or dates after providing evidence of insurance.
C. Without proof of insurability when the cost of living increases.
D. Without evidence of insurability at specified ages or dates.
Ans: D. Without evidence of insurability at specified ages or dates.
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How does the incontestability clause benefit the insured?
A. It dictates that if the insured and beneficiary die together, and the order of death is unknown, the beneficiary is presumed to have died first. B. It protects the death benefit from attachment by creditors after the insured passes away. C. It keeps the policy from being cancelled if, after two years, it is discovered that there was an error, concealment, or misrepresentation by the policyowner. D. It keeps the policy from lapsing should the premium go unpaid by borrowing from the cash value.
A country experiencing a serious trade deficit is not as likely to expand imports as it would be if running a surplus
Indicate whether the statement is true or false.