Rod wants to pay his initial life insurance premium in advance. Which of the following best describes his situation?

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Rod wants to pay his initial life insurance premium in advance. Which of the following best describes his situation?

a. Rod cannot pay his policy is advance; it is payable either when the agent delivers the policy or anytime during the first initial month
b. Rod can pay his premium as early as he wants, even with his application
c. Rod can pay his premium only after the policy has been issued, regardless of its delivery status
d. Rod cannot pay his policy in advance; it is payable only when the agent delivers the policy

Answer: b

Life Insurance

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