Question 2011 of 287 · Texas Life, Accident and Health Agent Exam
The grace period in a life policy allows
Exactly one answer is correct.
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Correct answer to question 2011
- C: the policy to stay in force for a stated time after the premium due date, with the premium still unpaid
Explanation
During the grace period, the coverage remains in force. If the insured dies in the grace period, the death benefit is paid less the overdue premium.
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