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Which of these provisions is NOT required in individual life insurance policies sold in Indiana?

a) Free look

b) Grace period

c) Extended Term

d) Entire contract

User Exasm
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1 Answer

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Final answer:

The Extended Term provision is NOT required in individual life insurance policies sold in Indiana.

Step-by-step explanation:

Out of the options listed, the provision that is NOT required in individual life insurance policies sold in Indiana is the Extended Term provision. The Extended Term provision allows policyholders to use the cash value of their policy to convert to term insurance for the same face amount. However, this provision is not required by Indiana law.

User Cefigueiredo
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