Ramon applied for a term life insurance policy and was approved. He accepted the policy and...

 

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Ramon applied for a term life insurance policy and was approved. He accepted the policy and began paying his regular monthly premiums. However, 3 years after accepting the policy, the insurer cancelled Ramon's insurance coverage. Which of the following is a valid reason which would allow the insurer to cancel Ramon's policy? Ramon was a non-smoker at the time of application but he started smoking last year. Oa) Ob) Ramon did not disclose that he had a heart attack 5 years ago. Oc) Od) At the time of application. Ramon indicated he was age 40 when in fact he was age 46. Ramon used the policy as collateral assignment without notifying the insurer. 3 888 Ramon applied for a term life insurance policy and was approved. He accepted the policy and began paying his regular monthly premiums. However, 3 years after accepting the policy, the insurer cancelled Ramon's insurance coverage. Which of the following is a valid reason which would allow the insurer to cancel Ramon's policy? Ramon was a non-smoker at the time of application but he started smoking last year. Oa) Ob) Ramon did not disclose that he had a heart attack 5 years ago. Oc) Od) At the time of application. Ramon indicated he was age 40 when in fact he was age 46. Ramon used the policy as collateral assignment without notifying the insurer. 3 888

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Ans In case of Option a It depends that the smoking has become a habit or its just an occasional smo... View the full answer