American_Bankers_Association
CTFA · Question #371
___________ is a policy provision ensuring continued insurance coverage for the insured's lifetime as long as premiums continue to be paid.
The correct answer is B. Guaranteed Renewability. See the full explanation below for the reasoning.
Estate Planning
Question
___________ is a policy provision ensuring continued insurance coverage for the insured's lifetime as long as premiums continue to be paid.
Options
- AWaiting period
- BGuaranteed Renewability
- COptional renewability
- DNone of these
How the community answered
(24 responses)- A17% (4)
- B71% (17)
- C8% (2)
- D4% (1)
Topics
#guaranteed renewability#policy provisions#insurance coverage#premium continuity
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