jmoney3512 jmoney3512

30-06-2024
Business

Answered

Which of the following provisions guarantees that premiums will be waived if a Juvenile Life policy owner becomes disabled?

A. Family Maintenance clause
B. Payor clause
C. Assignment provision
D. Automatic Premium Loan provision

Answer :

GinnyAnswer GinnyAnswer

30-06-2024

Final answer:

The Payor clause guarantees premium waiver if the policyowner becomes disabled in a Juvenile Life policy.

Explanation:

Payor clause guarantees that premiums will be waived if a Juvenile Life policyowner becomes disabled. This provision is important because it ensures that the policy continues even if the policyowner is unable to pay due to disability.

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