Disposiciones de Pólizas de VidaPregunta 537 de 716
Which of the following is NOT a typical requirement or effect of reinstating a lapsed life policy?
a.A new contestable/incontestability period begins for statements made in the reinstatement application
b.The policyowner receives a brand-new free-look (right-to-examine) period as if buying a new policy
c.The policyowner must provide evidence of insurability
d.Overdue premiums must be paid, usually with interest
Explicación
Reinstatement restores the original contract, so it does not trigger a fresh free-look period. It does require proof of insurability, payment of back premiums with interest, and it restarts the contestable and suicide periods for the reinstatement application.
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- A major advantage of reinstating a lapsed policy rather than buying a brand-new one is that:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)