Questions: N is covered by a Term Life policy and does not make the required premium payment which was due August 1. N dies September 15. What action will the insurer take? A. Claim will be paid in full B. Claim will be denied C. Claim will be decided by an arbitrator D. Claim will be partially paid

The answer is B. Claim will be denied

This option is incorrect because if the premium payment is not made by the due date, the policy typically lapses after a grace period, and coverage is no longer in effect. Therefore, the claim would not be paid in full.

This is the correct option. In most term life insurance policies, if the premium is not paid by the due date and the grace period has expired, the policy lapses, and the coverage ends. Since N did not make the required premium payment and died after the policy lapsed, the insurer will deny the claim.

This option is incorrect because arbitration is not typically used to decide claims that are straightforwardly denied due to non-payment of premiums and policy lapse.

This option is incorrect because life insurance claims are generally either paid in full or denied. Partial payments are not typical in cases of policy lapse due to non-payment.