Give the reasons for a life insurance policy containing each of the following provisions: a. Grace period
Question:
Give the reasons for a life insurance policy containing each of the following provisions:
a. Grace period
b. Reinstatement
c. Incontestable clause
d. Entire-contract clause
e. Misstatement-of-age clause
f. Annual apportionment of divisible surplus
g. Loan
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a Grace period Sometimes people forget to pay premiums or make a mistake about the due date of the payment The grace period typically 3031 days provides some room for mistakes or forgetfulness when th...View the full answer
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My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For
Introduction to Risk Management and Insurance
ISBN: 978-0131394124
10th edition
Authors: Mark S. Dorfman, David Cather
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