Question

What is the purpose of issuing a life insurance policy document?

a.

To refund the excess amount of premium received under the policy

b.

To charge extra premium

c.

To provide life insurance protection for the period the client has opted for

d.

To generate a new quote

Answer: (c).To provide life insurance protection for the period the client has opted for Explanation:The purpose of issuing a life insurance policy document is to provide life insurance protection for the period the client has opted for, as long as the customer continues to pay his premiums within the stipulated time.

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Q. What is the purpose of issuing a life insurance policy document?

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