Fred Bought Life Insurance When He Was 47, Although He

question 4

Multiple Choice

Fred bought life insurance when he was 47, although he told the insurance company that he was 42. He has since died. Which of the following provisions will affect the amount of money his beneficiaries will receive?

• A) Incontestability clause
• B) Misstatement of age provision
• C) Naming a beneficiary
• D) Policy reinstatement
• E) The grace period

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Definitions:

Replacement Parts

Components that are substituted for the original parts of an item, often due to damage or wear.

Direct Strategy

A communication method that involves straightforwardly presenting the primary message at the beginning of the communication.

Indirect Strategy

A communication approach where the key message is not presented immediately but rather introduced after providing background information or explanations.

Refuse Requests

The act of denying or rejecting an appeal or solicitation for something.