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 43 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?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Growth of Dendritic Spines After Long-Term Potentiation Growth of Dendritic Spines After Long-Term Potentiation
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library