Which of the Following Statements About the Waiver-Of-Premium Provision in Life

question 9

Multiple Choice

Which of the following statements about the waiver-of-premium provision in life insurance is true?

• A)Because the probability of becoming disabled exceeds the probability of premature death,the cost to include this provision is usually prohibitive at younger ages.
• B)Premiums are usually waived if the insured becomes partially disabled.
• C)Life insurance protection continues in force during a period of disability,but dividends cease and cash values are reduced.
• D)The disability must occur before a stated age,such as 65,for premiums to be waived.

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Definitions:

Suicide Warning Signs

Indicators that a person may be thinking about or planning to commit suicide, including expressing feelings of hopelessness, withdrawal from social activities, changes in behavior, and talking about death or suicide.

Suicide Attempt

An act with the intention to end one's own life but does not result in death.

Neonate

A newborn baby, especially one less than four weeks old.

Contraindications

Specific situations or conditions where a particular drug, treatment, or procedure should not be used because it may be harmful to the patient.