When a life insurance policy lapses, it: a. benefits the insured b. benefits neither the insurer nor the insured. c. benefits the insurer d. benefits both the insurer and the insured
When a life insurance policy lapses, it: a. benefits the insured b. benefits neither the insurer nor the insured. c. benefits the insurer d. benefits both the insurer and the insured
Chapter12: Life Insurance Planning
Section12.3: Understanding Your Life Insurance Policy
Problem 1CC
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Question
When a life insurance policy lapses, it:
a.
benefits the insured
b.
benefits neither the insurer nor the insured.
c.
benefits the insurer
d.
benefits both the insurer and the insured
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