All of these are common exclusions to a life insurance policy EXCEPT
All of these are common exclusions to a life insurance policy EXCEPT
a) accidental death
b) military service
c) aviation
d) hazardous occupations
Answer: a) accidental death
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?
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? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B