GENERAL INSURANCE A personal insurance contract is written between an insurance company and an individual, in which the company has a right to decide with whom it will and will not do business. An insured can transfer an insurance contract to another pers
LIFE INSURANCE POLICY PROVISIONS, OPTIONS, RIDERS #1. Grace is the primary beneficiary of her grandfather's life insurance policy. Upon his death, she wants some income from the death benefit, but wants the face amount to be conserved. Which settlement op
TEST #1. Scott has an outstanding policy loan. What will the insurer most likely do? a)Report Scott to the state authoritiesb)Sue Scottc)Cancel his policyd)Charge interest on the loan Policy loans can be repaid at any time, including surrender and death.