Policy Riders, Provisions, Options, and Exclusions
A proposed insured disclosed membership in the U.S. military on the application. Under the Compact standard, may the base policy exclude death solely as a result of war or military service?
Answer and explanation
Answer: B. The Compact standard states that when the proposed insured represents military, reserve, or National Guard membership, death from war or an act related to military service may not be excluded from the base death benefit.Source: Interstate Insurance Product Regulation Commission — Individual Flexible Premium Adjustable Life Insurance Policy Standards — § 3 > J. Exclusions (1)(a)(i)
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