Question

Under what conditions can a policy be revived?What is required for a policy revival to take place?

a.

Anytime the policyholder requests itPaying the original premium amount

b.

Only within the first year of the policy termWritten approval from the insurance agent

c.

Under certain specified conditionsFulfilling the conditions specified by the insurance company

d.

Only if the policyholder pays a significantly higher premiumProviding a medical certificate

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Under certain specified conditionsFulfilling the conditions specified by the insurance company Explanation:A policy can typically be revived under certain specified conditions, and it is not an unconditional right of the insured.A policy revival usually requires fulfilling the conditions specified by the insurance company. These conditions may vary depending on the specific circumstances and the policy terms.

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Q. Under what conditions can a policy be revived?What is required for a policy revival to take place?
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