Question 2014 of 287 · Texas Life, Accident and Health Agent Exam
Reinstatement of a lapsed life policy usually requires
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 2014
- C: evidence of insurability and payment of back premiums with interest
Explanation
The insured must show insurability again because the insurer is not obligated to take on a person whose health may have declined. The right to reinstate generally lasts for a stated period such as three years.
More questions: Life: Riders, Provisions, Options and Exclusions
- 2015A policy loan from a whole life policy
- 2016Which nonforfeiture option provides a paid-up policy of the same type as the original, with a reduced face amount?
- 2017Under the extended term nonforfeiture option, the policy
- 2018Which dividend option uses dividends to buy small amounts of fully paid-up additional insurance?
- 2019A policyowner who chooses to leave dividends with the insurer to earn interest has selected
- 2020Dividends on a participating whole life policy are generally treated for tax purposes as