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Arturiano [62]
3 years ago
15

Paula is 24 years of age and owns a $20,000 whole life policy with a guaranteed insurability rider. At age 25, Paula exercised h

er first option without proving insurability and purchased another $20,000 policy. At age 27 Paula contacted the insurer and asked if she could exercise her next option a year early. How will the insurer respond
Business
1 answer:
wel3 years ago
5 0

Answer:

The insurer shall inform Paula  that she cannot move towards the next option date but she can buy some more insurance, by proving her insurability.

Explanation:

Insurability rider is a kind of option that is available only in some health insurance policies. Where it is guaranteed it provides for the extra benefit where the person can get to buy another insurances to following the minimums and maximums, but at a specific defined future dates.

This shall ensure for the benefit of the user buying the insurance as they do not have to go through any further examination for buying the insurance.

Here, also the insurer can ask her to buy another insurance as with the explained reasons stated above.

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$13

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Are the stages of product life cycle more important for a business to focus on the introduction stage or the growth stage of a p
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