Life Insurance Basics
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Premium receipt
type of receipt issued when premiums are collected with the application
Charge a higher premium
If an applicant for a life insurance policy is found to be a substandard risk, the insurance company is most likely to
conditional receipt
States that coverage will be effective either on the date of application or the date of the medical exam, whichever occurs last, as long as the policy is issued as applied for
group insurance
What kind of policy issues certificates of insurance to insureds?
Vacation Travel Expenses
Which of the following would least likely be considered a legitimate need that would be paid by insurance proceeds?