AN INSURED OWNS A $50,000 PERMANENT LIFE POLICY TH...

California Life Accident And Health Insurance State Exam Questions And Answers

Question Number 25

AN INSURED OWNS A $50,000 PERMANENT LIFE POLICY THAT SHE PURCHASED 4 YEARS AGO THAT HAS A DISABILITY WAIVER OF PREMIUM. THE INSURED BECOMES DISABLED AND PAYS PREMIUMS DURING THE WAITING PERIOD UNTIL THE WAIVER BEGINS. ONCE THE WAIVER BEGINS, WHAT HAPPENS TO THE PREMIUMS SHE PAID DURING THE WAITING PERIOD?ATHE INSURER REFUNDS ITBIT IS ADDED TO THE POLICY'S CASH VALUESCIT IS HELD IN ESCROW UNTIL THE DISABILITY IS OVER THEN REFUNDEDDIT IS KEPT BY THE INSURER AS PART OF THE COST OF PROVIDING THE BENEFIT

ATHE INSURER REFUNDS IT

✔ Correct Answer:

ATHE INSURER REFUNDS IT

California Life Accident And Health Insurance State Exam Questions And Answers

Question Number 25

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