Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MOOIV128-Life Insura GREET KAUR OPTION Malet pred 25 recently purchased an cravation company with a 5400,000 10 year term business kun on his insurance agent's

image text in transcribed
MOOIV128-Life Insura GREET KAUR OPTION Malet pred 25 recently purchased an cravation company with a 5400,000 10 year term business kun on his insurance agent's recommendation Malek completed an application for a decreasing $400.000 10 year term life insurance policy. The insurer the spent the policy issued at the standard rate with no exclusions. The agent makes an appointment with Malek to give him the policy, explaining that he is entitled to a 10-day free-look period What requirements must the agent meet so that Malek's policy comes into force? (2) Meet wit Malet to present the policy and explain the contract's main provisions. Certain written confirmation from Malek that no change occurred in his 21 Have Malek sig an acknowledgment stating he received and accepted the policy. Collect payment of the first applicable premium # 1 2 and 3 Od 1.2 and 4 0123 and 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Eco Capitalism Carbon Money Climate Finance And Sustainable Development

Authors: Robert Guttmann

1st Edition

3319923560,3319923579

More Books

Students also viewed these Finance questions