Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?

A)
3.00%
B)
5.00%
C)
7.50%
D)
12.00%

Correct Answer : Option (B) - 5.00%



Where annually increasing flexible premiums operate under a life insurance policy, 5.00% of increase will generally apply.

Published On : June 1, 2021
Category : Insurance and Finance