Which of the following is NOT true about a temporary insurance agreement? Select one: a. It can only cover life insurance and living benefits b. It expires the date the policy becomes effective c. The applicant will submit the premium with the application d. It can be provided if the agent believes the policy will be issued

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter12: Life Insurance Planning
Section12.3: Understanding Your Life Insurance Policy
Problem 2CC
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Which of the following is NOT true about a temporary insurance agreement?
Select one:
a. It can only cover life insurance and living benefits
b. It expires the date the policy becomes effective
c. The applicant will submit the premium with the application
d. It can be provided if the agent believes the policy will be issued
Transcribed Image Text:Which of the following is NOT true about a temporary insurance agreement? Select one: a. It can only cover life insurance and living benefits b. It expires the date the policy becomes effective c. The applicant will submit the premium with the application d. It can be provided if the agent believes the policy will be issued
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