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All of the following conditions are included in group credit life programs EXCEPT?
A) Benefits are paid to the creditor.
B) Benefits are paid to the borrower’s beneficiary.
C) Premiums are usually paid by the borrower.
D) The amount of insurance per borrower is limited.
Answer: B) Benefits are paid to the borrower’s beneficiary.
The above question All of the following conditions are included in group credit life programs EXCEPT?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
