A life insurance policy insures again 5 different perils. If the policyowner wants to cancel the coverage of one of those perils, can he do that?

A life insurance policy insures again 5 different perils. If the policyowner wants to cancel the coverage of one of those perils, can he do that?


A. Yes, at any time.

B. No, the policyowner does not have the right to modify the policy.

C. Only with the insurer's written consent.

D. Only if the policy specifies that a separate premium for that peril coverage is separately cancelable.


Answer: D. Only if the policy specifies that a separate premium for that peril coverage is separately cancelable.

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