Guarantee Exam
A man is an attorney when he applies for a health policy. He decides to become a professional bungee jumper. He files a claim. What should happen?
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Which of the following indicates the person upon whose life the annuity income amount is determined?
Annuitant
because of an injury, an insured has been unable to work for 7 months. when his life insurance premium came due, he was unable to pay, yet the policy remained in force. the policy includes
Waiver of premium rider
10-year level primium policy
A 10 year level term policy has a level premium for 10 years, which is based upon the client's average age. At the end of 10 years, the client may renew it by simply paying the premium, which will be based upon the client's average age for the next 10 years. No physical exam is required and neither the suicide clause nor the incontestability clause starts over.
which of the following is true regarding premium in a 10-year level premium policy
The premium will remain level for 10 years