Business, 28.08.2019 02:30 mmaglaya1

An applicant signs an application for a $25,000 life insurance policy, pays the initial premium, and receives a conditional receipt. if the applicant is killed in an automobile accident the next day,
the beneficiary would receive 25,000 if it was determined that the insured qualified for the policy applied for.
the premium would be returned to the insured's estate because the policy was not issued.
the company could reject the death claim because the underwriting process was never completed.
the company could reject the application on the basis that the insured's death was not caused by an ongoing medical problem.

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An applicant signs an application for a $25,000 life insurance policy, pays the initial premium, and...

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