Are you having trouble answering the question “What happens when the Reduced Paid-Up insurance option is selected by a policyowner?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
What happens when the Reduced Paid-Up insurance option is selected by a policyowner?
A) The policyowner pays the same premium but may skip a stated number of years.
B) The policyowner pays no more premiums but the face amount is decreased.
C) The policyowner pays more premium and the policy is paid up sooner.
D) The policyowner pays no more premiums and the policy is converted to extended term insurance.
Answer: B) The policyowner pays no more premiums but the face amount is decreased.
You should now have gotten the answer to your question “What happens when the Reduced Paid-Up insurance option is selected by a policyowner?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
