Which of the following options is designed to protect the policyowner should the policy be in danger of lapsing for nonpayment of premium?

Which of the following options is designed to protect the policyowner should the policy be in danger of lapsing for nonpayment of premium?




A) automatic premium loan.

B) premium exclusion.

C) guaranteed insurability.

D) waiver of premium.



Answer: A) automatic premium loan.

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