B was 42 when the Life Insurance policy was issued. 42 is referred to as the _________ age of the policy.

Prepare for the Louisiana Series 101 Life Insurance Exam with multiple choice questions and detailed explanations. Enhance your knowledge and succeed in your licensing exam!

Multiple Choice

B was 42 when the Life Insurance policy was issued. 42 is referred to as the _________ age of the policy.

Explanation:
Original age is the insured’s age at the time the policy is issued. This is the number used to underwrite the policy and set the initial premium. So if the person was 42 when the policy started, 42 is the original age of the policy. The face is the death benefit, the policyholder is the owner of the policy, and while issue age is sometimes used, the specific term here is original age—the age at issue.

Original age is the insured’s age at the time the policy is issued. This is the number used to underwrite the policy and set the initial premium. So if the person was 42 when the policy started, 42 is the original age of the policy. The face is the death benefit, the policyholder is the owner of the policy, and while issue age is sometimes used, the specific term here is original age—the age at issue.

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