Florida Life and Health Insurance License Practice Test 2025 - Free Insurance Practice Questions and Study Guide

Question: 1 / 400

If P's premiums on a participating life policy are waived due to a disability, what does P still receive?

Monthly statements

Declared dividends

When a policyholder's premiums are waived due to disability, they are still eligible to receive declared dividends. This is because participating life policies are designed to provide both insurance coverage and the potential for investment gains through dividends. A policyholder may still receive regular statements about their policy, but they will not need to pay any premiums while they are disabled. A refund of premiums is not typically part of a participating life policy and choosing this option would result in incorrect information. Lastly, it is incorrect to say that the policyholder would not receive any benefits - they would still receive the benefits of their policy, but without having to pay premiums while disabled.

Get further explanation with Examzify DeepDiveBeta

A refund of premiums

No benefits

Next Question

Report this question

Download Florida Life and Health Insurance License Practice Test PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy