Which of the following statements pertaining to reinstatement of a life insurance policy is NOT correct?
A) When reinstating a policy, the insurer must charge the policyowner for past-due premiums.
B) A suicide exclusion period is renewed with a reinstated policy.
C) When reinstating a policy, the insurer must charge the policyowner for interest premium loans.
D) A new contestable period B) A suicide exclusion period is renewed with a reinstated policy.
becomes effective in a reinstated policy."
Ans: B) A suicide exclusion period is renewed with a reinstated policy.
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Indicate whether the statement is true or false.
ESOPs provide all but which one of the following as benefits to an employer?
(a) company can sell its stock and redeem it without reducing the true value of the stock (b) owner's equity can be diluted (c) company can increase its working capital (d) company can pay off stock-related loans and redeem stock through the use of pretax dollars