The Suicide Clause Will Pay Double the Face Value to the Beneficiary

question 48

True/False

The suicide clause will pay double the face value to the beneficiary if the named insured commits suicide.

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Definitions:

Collection Practices

Procedures and methods used by businesses to recover debts from customers.

Fair Debt Collection Practices Act

A U.S. federal law that aims to protect consumers from abusive, deceptive, and unfair debt collection practices.

Credit Costs

The expenses associated with borrowing money, including interest rates and fees.

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.