A policyowner fails to pay the premium due on his whole life policy after the grace period passes, but the policy remains in force. This is due to what provision?

A policyowner fails to pay the premium due on his whole life policy after the grace period passes, but the policy remains in force. This is due to what provision?



a. assignment
b. automatic premium loans
c. waiver of premium
d. incontestability period


Answer: b

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