SC Exam 1 Questions & Answers 100% Correct
A permanent life insurance policy where the policy owner pays premiums for a specified number of years is called a(n)... adjustable policy limited pay policy level term policy variable universal policy - ANSWER-limited pay policy Premium mode is a term used to describe the... premium past due method of payment frequency of the premium payment premium paid - ANSWER-frequency of the premium payment Legal purpose is a term used in contract law meaning... there must be offer and acceptance the contract must be aleatory there must be legal reasons for entering a contract the contract must be a contract of adhesion - ANSWER-there must be legal reasons for entering a contract The waiver of premium does NOT include which provision? All future premiums are waived of the insured recovers from the disability
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sc exam 1 questions answers 100 correct
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a permanent life insurance policy where the policy
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