After paying premiums for 24 years, Chad forgot to pay his 25th year annual premium due on January 1. He died 3 months later. Will the insurer pay? Circle one: Yes (go to part b) No (go to part c) If yes, cite the relevant provision and explain why. If no, cite the relevant provision and explain why not.

After paying premiums for 24 years, Chad forgot to pay his 25th year annual premium due on January 1. He died 3 months later. Will the insurer pay? Circle one: Yes (go to part b) No (go to part c) If yes, cite the relevant provision and explain why. If no, cite the relevant provision and explain why not.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 19DQ

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