Gwen, a newly licensed life insurance agent, has just completed a life insurance application on her client, Judy. The amount of coverage applied for is $500,000 twenty year term. Gwen has collected the first premium and has issued a temporary insurance agreement ( TIA) to Judy. What information should Gwen be providing to Judy with regards to the TIA? Select one: a. There is no need for judy to worry as she is guaranteed coverage as she has paid the initial monthly premium. b. No matter. if any addition medical requested was not received, the TIA will remain in effect for as long as it takes. c. The TIA coverage is limited to the lessor of a fixed amount and the amount of coverage requested. The TIA expires the date the policy becomes effective or within 90 days. d. The TIA coverage is limited to the lessor of a fixed amount and the amount of coverage requested. The TIA expires the date the policy becomes effective or within 90 days.
