What Is The Consideration Given By An Insurer In The Consideration Clause Of A Life Policy?

(Correct Answer Below)

What Is The Consideration Given By An Insurer In The Consideration Clause Of A Life Policy?

Promise to never cancel coverage Promise to pay a death benefit Promise to not raise premiums Promise to pay a policy dividend
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Promise to pay a death benefit- Consideration is given by the insurer by promising to pay a death benefit to a named beneficiary.

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