Question: An applicant signs an application for a $ 2 5 , 0 0 0 life insurance policy, pays the initial premium, and receives a conditional

An applicant signs an application for a $25,000 life insurance policy, pays the initial premium, and receives a conditional receipt. If the applicant dies the following day, which of the following is TRUE?
A. The death claim will be rejected.
B. The beneficiary will receive the full death benefit if it is determined that the applicant qualified for the policy.
C. The application will be voided.
D. The premium would be returned to the insured's estate because the policy was not issued.
An applicant signs an application for a $ 2 5 , 0

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