Question: . Last month an agent met with his client. Jeff, and completed an application for a new Term - 1 0 life insurance policy Upon
Last month an agent met with his client. Jeff, and completed an application for a new Term life insurance policy Upon delivery of the policy he reviewed the coverage and explained the suicide exclusion clause, the grace period, and the misstatement period. He had accepted the temporary insurance, so the insurer has already taken a second monthly premium payment for the policy Just as the egent is ready to sign the documents, he notices his bandaged foot His family doctor removed a benign growth on his big toe a couple of weeks ago. He sent it off for testing just in case. Since he hasnt heard anything back, Jeff is fed to believe that it was in fact nothing of consequence
Knowing this, what should his agent adulse to make sure that all requirements have been met to implement Jeffs new life insurance policy?
a There are no other requirements, because the premium has been taken, and the client accepted the delivery. His foot is probably fine.
b There an no other requirements.since the doctor said the growth was benign so there is no change in health.
c He must notify the underwriter and await their decision, since there has been a material change in Jeff's health.
d The day resossion period must pass before the policy is in full force
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