Ghislaine wishes to buy a $150,000 whole life insurance policy. She meets with her representative and completes an application form in which it is mentioned that she suffered minor health problems a few years ago. She also fills out a separate application form to obtain temporary coverage for 90 days pending the underwriter's final decision. She pays the first premium of $422. The insurer limits temporary coverage to $250,000 for all TIAs. How much temporary coverage Ghislaine does obtain?

Answer rating: 100% (QA)

Ghislaine will obtain a temporary coverage of 250000 The insurance company has a limit o... View the full answer