Identify the policies in which the policyholders were led to believe that they would be paid in full after a certain period of time, and they would no longer have to make premium payments.
A)Supplementary policies
B)Vanishing premium policies
C)Waiver policies
D)Estoppel policies
E)Conditional policies

Question

Quizplus · Accepted Answer

Vanishing premium policies were marketed with the promise that after a certain period of time, the dividends from the policy would be sufficient to cover the premium payments, leading policyholders to believe they would not have to make further payments out of pocket.

Identify the Policies in Which the Policyholders Were Led to Believe