Question 3009 of 287 · Texas Life, Accident and Health Agent Exam
Which of these is a typical disadvantage to the policyowner of replacing a life policy?
Exactly one answer is correct.
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Correct answer to question 3009
- D: A new contestable and suicide period begins on the replacement policy
Explanation
The new policy starts the incontestability and suicide periods again, and surrender charges and a higher attained-age premium may apply. Comparison of costs is required.
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