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V125BC [204]
1 year ago
14

xcel how many months can a life insurance policy normally be backdated from the date of the application

Business
1 answer:
belka [17]1 year ago
4 0

6 Months can be a life insurance policy normally be backdated from the date of the application.

For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.

#SPJ4

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To learn more about consumption here,

brainly.com/question/14975005

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