QuestionAugust 15, 2025

Whose life is covered on a life insurance policy that contains a payor benefit clause? A. Child B. Parent C. Spouse D. Beneficiary

Whose life is covered on a life insurance policy that contains a payor benefit clause? A. Child B. Parent C. Spouse D. Beneficiary
Whose life is covered on a life insurance policy that contains a payor benefit clause?
A. Child
B. Parent
C. Spouse
D. Beneficiary

Solution
3.0(280 votes)

Answer

A. Child Explanation 1. Identify Payor Benefit Clause The payor benefit clause typically covers the life of a child, ensuring premiums are paid if the payor (often a parent) becomes disabled or dies.

Explanation

1. Identify Payor Benefit Clause<br /> The payor benefit clause typically covers the life of a child, ensuring premiums are paid if the payor (often a parent) becomes disabled or dies.
Click to rate:

Similar Questions