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Which of the following statements BEST describes a single premium cash value policy?

Ohio Department of Insurance OH-Life-Agent-Series-11-44 Full Course Access
Ohio Department of Insurance OH-Life-Agent-Series-11-44 View All Questions

Which of the following statements BEST describes a single premium cash value policy?

A.

It requires only one payment to make the policy paid up.

B.

It provides for only one premium to be paid without evidence of insurability.

C.

It waives one future premium if the owner becomes disabled.

D.

It requires the policyowner to pay one premium annually.

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