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?

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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?

Options

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

Answer: b

The above question 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?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.