Which of the Following Ensures That Your Policy Premiums Will

question 72

Multiple Choice

Which of the following ensures that your policy premiums will be paid if you were to become disabled?

• A) Disability premium waiver.
• B) Value provision.
• C) Convertibility provision.
• D) Guaranteed renewability provision.

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Definitions:

Promptly

Acting quickly or without delay, often to meet a specific deadline or respond in a timely manner.

Seasonal Discounts

Price reductions offered on products or services during specific seasons or times of the year to boost sales or clear inventory.

Encourage Buyers

The practice of motivating potential customers to purchase a product or service through various strategies, including marketing, promotions, and incentives.

Stock Inventory

A detailed list of goods or materials a company has in stock, a critical component for managing supply chain and meeting customer demand.