Sigmund is meeting with his insurance agent Pablo. He is purchasing a participating whole life policy...

 

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Sigmund is meeting with his insurance agent Pablo. He is purchasing a participating whole life policy in the amount of $250,000. He has been speaking to a friend who informed him that he has recission rights when he purchases a life insurance policy. Sigmund has asked Pablo to explain these rights to him. Which of the following statements is correct with regards to recission rights? Select one: a. Fifteen days from the policy issue date b. Ten days from the policy issue date c. Ten days from the date of the policy delivery d. Thirty days from the application date Nex Sigmund is meeting with his insurance agent Pablo. He is purchasing a participating whole life policy in the amount of $250,000. He has been speaking to a friend who informed him that he has recission rights when he purchases a life insurance policy. Sigmund has asked Pablo to explain these rights to him. Which of the following statements is correct with regards to recission rights? Select one: a. Fifteen days from the policy issue date b. Ten days from the policy issue date c. Ten days from the date of the policy delivery d. Thirty days from the application date Nex

Answer rating: 100% (QA)

B Ten days from the policy issue date It may also be known as the issue date The date of issue may b... View the full answer