Which of the following options is designed to protect the policyowner should the policy be in danger of lapsing for nonpayment of premiums?
A) Waiver of premium
B) Premium exclusion
C) Automatic premium loan
D) Guaranteed insurability"
Answer: C) Automatic premium loan
You might also like to view...
In a survey of 97 highest-level public relations leaders, nearly half of those interviewed indicated that ________
A) positive personal character traits were the most desired characteristic among job candidates B) diversity of experience was the second most sought-after qualification C) the most significant limitation candidates have is their inability to describe the value of public relations for an organization D) the major challenge for all people in the field boils down to just doing their job well in these difficult times
The term expedited cost has the same meaning as crashing cost in the project management milieu
Indicate whether the statement is true or false