Question: Question 1 Select the appropriate response A policyowner fell behind on the premium payments of a whole life policy and is now in the grace

Question 1
Select the appropriate response
A policyowner fell behind on the premium payments of a whole life policy and is now in the grace
period. How much will the beneficiary receive if the insured dies during this grace period and the policy
also contains an outstanding policy loan?
Full face amount
Face amount minus the past-due premium
Face amount minus the loan balance
Face amount minus the loan balance and past-due premium
Question 1 Select the appropriate response A policyowner fell behind on

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