What normally happens to the sum insured under a life insurance policy once the period of the lien expires?
A. It reduces
B. It increases
C. It is temporarily suspended
D. It is replaced by a newly-underwritten sum insured
Answer: Option B
A. It reduces
B. It increases
C. It is temporarily suspended
D. It is replaced by a newly-underwritten sum insured
Answer: Option B
Chance of loss is referred to as