Điều khoản hợp đồng nhân thọCâu 556 / 716
The waiver of premium rider typically begins paying the policy's premiums only after:
a.The insured reaches age 65, at which point the insurer begins paying the premiums for the policy automatically
b.The policy has been surrendered for cash
c.A waiting period (often six months) of continuous total disability
d.The very first missed payment
Giải thích
Waiver of premium keeps the policy in force by having the insurer pay premiums during the insured's total disability, but only after a waiting period, commonly six months. It is not triggered by a single late payment, a specific age, or surrender.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- A common problem with naming a minor child as the direct beneficiary of a life policy is that:
- Naming one's estate as the life insurance beneficiary can be disadvantageous because the proceeds may then be:
- A spendthrift clause attached to a life insurance settlement is designed to:
- The payor benefit rider on a juvenile life policy provides that, if the premium-paying adult dies or becomes disabled:
- An accidental death benefit (double indemnity) rider generally pays the extra benefit only if death:
- Under an AD&D benefit, the amount paid for the accidental loss of a body part such as a hand or eye is called the:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)