Under the terms of the 10-day free-look period, a claim will be paid
A. If the policy has not been returned, whether or not a premium was paid.
B. Under no circumstance; there is no coverage until the 10-day period has passed.
C. If the premium has been paid and the policy has not been returned.
D. Only if the policy is returned.
Answer: C. If the premium has been paid and the policy has not been returned.
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Indicate whether the statement is true or false
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. The policy owner assumes the investment risk with [whole life | variable life] insurance.