Jim owes $10,000 to Acme Corporation, and he pays $500 each month on - ProProfs
     

Jim owes $10,000 to Acme Corporation, and he pays $500 each month on the loan. If he decides to take out a credit accident and health insurance policy to cover the payments if he dies or becomes disabled, the policy may not exceed what amount?

This question is part of NC State Law - Health Exam

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1 Answer

Gohealth

Gohealth

Answered on Oct 02, 2018

The total amount of Jim s debt

A credit accident and health insurance policy cannot exceed the total amount of indebtedness at any given time, nor may the monthly disability benefit exceed the amount of the loans monthly payment.####

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