A disability income insurance policy on which premiums are paid weekly must have a grace period...

A disability income insurance policy on which premiums are paid weekly must have a grace period of

at least seven days.

ten days.

thirty-one days.

there is no grace period on weekly premium policies.

Expert Solution

A grace period of 31 days is allowed without any interest for the paymet of any premium under a National Service life insurance policy. The policy will be in force during this period. If the policy shall mature within the grace period then the unpaid premium is deducted from the insurance payable.

jeff jeffy answered 2 years ago

Keith has a Disability income insurance policy that pays 60% of pre-disability income after a 6-month elimination period.

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The term grace period is very important to an insurance policy because A. it refers to...

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Brriefly explain the following disability-income insurance provisions: (a) Residual disability (b) Benefit period (c) Elimination period...

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A random sample of 45 life insurance policy holders showed that the average premiums paid on...

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Albert was injured and received payments under his disability income insurance policy. The insurance company...

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Deductibles are not used in which of the following type of insurance? disability income insurance property...

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Joan paid $10,000 in premiums for her whole life insurance policy that now has an $11,000...

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a. Which of the following statements is true regarding disability income insurance? why?

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Alan's employer maintains a long-term disability income plan on which appears our premiums last year Alan...

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