Question

What is the advantage of dating back of policy?

a.

The policyholder has to pay a higher premium amount because of his higher age

b.

The policyholder has to pay a lower premium amount because of his lower age

c.

The policyholder gets a shorter tenure for the policy contract

d.

The policyholder gets more coverage under the policy

Posted under IC22 Life Insurance Underwriting

Answer: (b).The policyholder has to pay a lower premium amount because of his lower age Explanation:The advantage of dating back of policy is that the policyholder has to pay a lower premium amount because of his lower age.

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