Management Notes

Reference Notes for Management

What Benefit Does The Payor Clause On A Juvenile Life Policy Provide?

D. Premiums are waived if payor becomes disabled

What Benefit Does The Payor Clause On A Juvenile Life Policy Provide?

A. Allows payor to assign ownership in the event payor becomes disabled
B. Allows payor to increase face amount without providing evidence of insurability
C. Premiums are waived if juvenile becomes disabled
D. Premiums are waived if payor becomes disabled

Correct Answer: D. Premiums are waived if payor becomes disabled

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