Question 19 (1 point) Which statement below is TRUE regarding the waiver of premium disability benefit? The policy ceases to exist because premiums are waived. The policy ceases to exist because premiums are waived. There is no elimination period for this benefit. Provides a monthly benefit upon the insured's disability. Question 20 (1 point) Which statement below is NOT true regarding the distinguishing characteristics of insurance contracts? Valued insurance policies are policies where the insurer agrees to pay a stated sum of money. The insurer's obligation to pay a claim depends upon the performance of certain acts, such as payment of premiums and furnishing proof of death. An aleatory contract is one that involves an element of chance in that one party may receive more value than the other party. The policyowner makes a contractual promise to pay premiums