Assumption:
With the Group Term Life Insurance of Camlife:
- If the assured member passes away during coverage period, the Company will pay death benefit of 10,000 USD to beneficiary;
- If a member quits protection after 90 days from effective date, the Company shall return uncovered period premium based on pro-rate =(31.8/365 x 275) = 23.96 USD
(premium per day x numbers of uncovered day).
This is just an illustrated example, not a contract.
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