This Receipt Does Not Bind the Coverage of Life Insurance

question 37

Multiple Choice

This receipt does not bind the coverage of life insurance at the time it is issued, but it does put the coverage into effect retroactive to the time of application if one meets all the requirements for insurability as of the date of the application.A claim for benefits because of death prior to issuance of the policy generally will be honored, but only if you were insurable when you applied.Identify this receipt.

• A)Conditional receipt
• B)Binding receipt
• C)Estoppel
• D)Facultative receipt
• E)Waiver receipt

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