An insured is past due on his life insurance premium, but is still within the Grace Period. What will the beneficiary receive if the insured dies during this Grace Period?

An insured is past due on his life insurance premium, but is still within the Grace Period. What will the beneficiary receive if the insured dies during this Grace Period?



A - refund of all premiums paid, plus interest

B - refund of all premiums paid

C - Full face amount minus any past due premiums

D - full face amount



Answer: C - full face amount minus and past due premiums

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