Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST remit all past - due premiums within the grace

In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST

remit all past

-

due premiums within the grace period

provide evidence of insurability to the insurer

resubmit a new life insurance application

provide a valid reason for the lapse

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

7th Edition

0030333288, 9780030333286

More Books

Students also viewed these Finance questions

Question

★★★★★

Why is the capital budget an important part of a firms financial planning?

Answered: 1 week ago

Question

★★★★★

Unfortunately, robbery is an all-too-frequent crime. Bank robberies tend to be the most lucrative for criminals. In most cases banks do not report the size of the loss. However, several researchers...

Answered: 1 week ago

Question

★★★★★

For the events A and B in a sample space , we know that P(A B) = 16. Then, the value of P(A) P(B) is (a) always equal to 56 (b) equal to 56 provided that AB = (c) always equal to 16 (d) equal to...

Answered: 1 week ago

Question

★★★★★

TL Division of Giant Bank has assets of $14.4 billion. During the past year, the division had profits of $1.8 billion. Giant Bank has a cost of capital of 8 percent. Ignore taxes. Required a. Compute...

Answered: 1 week ago

Question

★★★★★

Respond to the following: The differing valuations of Vegas Chips is due to the models each analyst used in their reporting. The Analyst responsible for Report A, made the assumption that all profits...

Answered: 1 week ago

Question

★★★★★

Susie, Bobby and Betty are fighting over how to split a chocolate bar. Their father intervenes to resolve the dispute by instituting a modified version of "one cuts, one chooses". First, Susie will...

Answered: 1 week ago

Question

★★★★★

19. When a business owner purchases property coverage insurance, which of the following should be considered? A. The property to be insured B. The perils to be insured against C. The dollar amount of...

Answered: 1 week ago

Question

★★★★★

All of the following are true about reasonable accommodations EXCEPT: a. Information relating to a request is confidential and should only be shared on a need-to-know basis. b. You should always give...

Answered: 1 week ago

Question

★★★★★

On January 1, MM Company borrows $270,000 cash from a bank and in return signs an 4% installment note for five annual payments of $60,649 each. 1. Prepare the journal entry to record issuance of the...

Answered: 1 week ago

Question

★★★★★

Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised...

Answered: 1 week ago

Question

★★★★★

urgent! urgent please! business law, case study, Amit and Amita were husband and wife and was always quarrelling amongst each other amit promises to pay Rs. 50,000 to Amita as monthly expenses and...

Answered: 1 week ago

Question

★★★★★

Consider the following table for this question. 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 This array was declared with this statement: int colors = new int[4][5]; Write a single line of...

Answered: 1 week ago

Question

★★★★★

=+2. What are the core best practices crisis communication professionals need to know about social media?

Answered: 1 week ago

Question

★★★★★

=+3. What are the similarities between sports, entertainment, crisis communication, and journalism when it comes to social media?

Answered: 1 week ago

Question

★★★★★

=+3. You are working with a boutique agency specializing in entertainment and social media practices. You have been asked by your

Answered: 1 week ago

Previous Question Next Question