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shepherd shepherd
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8 years ago
If the premium on a term insurance policy is not paid by the due date, which of the following is true?
A) The death benefit of the policy is reduced by the amount of the premium owed.
B) The premium will be deducted from the cash value of the policy.
C) The policy is immediately terminated.
D) The policyholder is given a grace period to pay after which the policy will be terminated if premium is not paid.
Textbook 
Personal Finance

Personal Finance


Edition: 5th
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
Thank you, this is brilliant Smiling Face with Open Mouth
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#3
8 years ago
My pleasure
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