District Of Columbia Insurance Producer License Exam

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In DC, if a life insurance policyholder dies during the grace period without having paid the overdue premium, how is the claim typically handled?

The claim is denied entirely The claim is paid but the unpaid premium is deducted from the death benefit The claim is paid in full with no deductions The policy is automatically reinstated before paying

Correct Answer:

The claim is paid but the unpaid premium is deducted from the death benefit

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