This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the premium on a term insurance policy is not paid by the due date, which of the following is true? (Read 14 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Apr 14, 2019

If the premium on a term insurance policy is not paid by the due date, which of the following is true?


◦ The policy is immediately terminated.
◦ The death benefit of the policy is reduced by the amount of the premium owed.
◦ The premium will be deducted from the cash value of the policy.
◦ The policyholder is given a grace period to pay after which the policy will be terminated if the premium is not paid.
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ARLKQ on Apr 14, 2019

ally

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


ARLKQ

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Apr 14, 2019
Excellent


ally

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Apr 14, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Post-term birth rates, by province/territory, Canada Post-term birth rates, by province/territory, Canada
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Complement Proteins Animation

For a complete list of videos, visit our video library