A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific age is called a(n)

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A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific age is called a(n)

a) waiver of premium rider
b) payor rider
c) automatic premium loan rider
d) juvenile waiver rider

Answer: b) payor rider

WA Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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