Question
N Owns a Disability Income policy that will cover him to age 65, although the insurance company has the right to change the premium rate
N Owns a Disability Income policy that will cover him to age 65, although the insurance company has the right to change the premium rate for the overall risk class to which N is assigned. Which of he following types of renewability best describes this situation?
Noncancellable
Cancellable
Guaranteed Renewable
Optionally Renewable
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Budgets And Financial Management In Higher Education
Authors: Margaret J. Barr, George S. McClellan
3rd Edition
1119287731, 9781119287735
