Why it is important to define the insured (2) the importance of the availability of...

80.2K

Verified Solution

Question

Accounting

Why it is important to define the insured (2) the importance of the availability of riders . For example, I may want to add an optional disability benefit to my life insurance contract, you may not. (3) Why the three major types of exclusion need to be defined as opposed to "assumed".

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students