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medulla medulla
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6 years ago
George forgot to pay his monthly life insurance premium that was due on March 1. The policy had a face value of $100,000. On March 21, George died. How much will the insurer pay George's beneficiary for this death claim, assuming the policy contained a standard grace period clause?
A) Whatever cash value has accumulated in the policy
B) $100,000
C) $0
D) An amount equal to the face value of the policy, MINUS the overdue premiums and any interest or late penalties George owed them
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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jameeljameel
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6 years ago
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medulla Author
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6 years ago
Thanks
djeghri
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Yesterday
You make an excellent tutor!
aznzergs
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2 hours ago
Correct Slight Smile TY
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