Term Insurance Quizlet

Which of these riders will pay a death benefit if the insureds spouse dies. A Family Term Insurance rider provides a death benefit if the spouse of the insured dies 9.


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The waiting period for a disability insurance policy excludes payments for a short-term illness or injury is the period of time that must elapse following the effective date of the policy before.

Term insurance quizlet. If the insurer fails to do so the insurer will be required to pay interest on the claim. Insurers are required to pay on valid health insurance claims within a certain amount of time. When the term insurance expires A he has the option of resuming the original policy and paying the same premium B the coverage can be extended with a lump sum payment C all remaining.

Waiver of Premium is available on both permanent and term insurance policies Insured must be eligible for Social Security disability for claim to be accepted Insured must be totally disabled.


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