A Variable Life contract must contain all of the following provisions EXCEPT:

A.Reinstatement

B.Nonforfeiture

C.Accidental Death

D.Grace Period

Answer: C

Insurance

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The two major actions required for a policyholder to comply with the Reinstatement Clause are
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The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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When the principal gives the agent authority in writing, it's referred to as
What is the benefit of choosing extended term as a nonforfeiture option?
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All of the following statements concerning dividends are true EXCEPT:
All of the following are true regarding rebates EXCEPT
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All of the following are elements of an insurance policy EXCEPT
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