Which of the Following Statements Is (Are)true Concerning the Automatic

question 26

Multiple Choice

Which of the following statements is (are) true concerning the automatic premium loan provision?
I.Unlike other policy loans,interest is not charged on automatic premium loans.
II.The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Medical Office

A medical office is a facility where health professionals provide care and medical services, including diagnosis, consultation, and treatment, to patients.

Blunt Instruments

Tools or devices lacking sharp edges or points, often associated with causing trauma or injury through forceful impact.

Well-baby Examinations

Routine medical check-ups for infants to monitor growth, development, and general health, as well as to administer vaccinations.

Infant

A very young child, especially one newly or recently born, typically considered to be up to 1 year of age.