Policy Riders, Provisions, Options, and Exclusions
A Texas individual life premium is overdue, but the insured dies during the policy's usual 31-day grace period. What is the usual claim result?
Answer and explanation
Answer: B. Texas consumer guidance states that most policies provide a 31-day grace period with coverage continuing. If the insured dies during it, the beneficiary receives the death benefit minus the premium owed.Source: Texas Department of Insurance — Life Insurance Guide — Policy lapses > What if I miss a premium payment?
More policy riders, provisions, options, and exclusions questions
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