Explain the following clauses often found in life insurance policies: (a) Multiple indemnity clauses b) Disability clause

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Explain the following clauses often found in life insurance policies:
(a) Multiple indemnity clauses
b) Disability clause
(c) Suicide clause.
Give some examples of common exclusions.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:33 AM

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Explain the following clauses often found in life insurance policies: (a) Multiple indemnity clauses b) Disability clause

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a A multiple indemnity clause doubles or triples the face amount of a policy if the insured dies as ...View the full answer

Personal Financial Planning

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