Jill met with an insurance agent to discuss purchasing a $500,000 term life insurance policy. If Jill signs a contract 2 weeks later while intoxicated,

Insurance

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Jill met with an insurance agent to discuss purchasing a $500,000 term life insurance policy. If Jill signs a contract 2 weeks later while intoxicated,

A) the contract will be voidable at the insurer’s option

B) she will not be presumed to be competent

C) the contract will be considered valid

D) she will be presumed to be competent since she was capable of understanding the contract during the initial meeting

Answer: she will not be presumed to be competent

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