Are you having trouble answering the question “Which of the following statements best defines why an applicant would want to backdate an insurance application?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Which of the following statements best defines why an applicant would want to backdate an insurance application?
A) To take advantage of higher interest rates in place at the earlier date
B) To have the policy’s premium based on the insured’s age at the earlier date
C) To create a larger cash value upon policy issue
D) To move the policy issue date ahead of a disqualifying event, such as a diagnosis of a terminal disease
Answer: To have the policy’s premium based on the insured’s age at the earlier date
You should now have gotten the answer to your question “Which of the following statements best defines why an applicant would want to backdate an insurance application?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
