The consideration clause in a life insurance contract contains what pertinent information? summary of benefits offer and acceptance entire contract amount of premium payments and when they are due

The amount of premium payments and when they are due.

In any contract, consideration refers to the exchange of things of value between the parties. For insurance contracts, the exchange is money for insurance coverage.

The amount of payment and when they are due

Explanation:

An insurance contract is a contract in which one party (the insurer) assumes the risk of other party (the insured) with a compensation if a specified  uncertain incidence happen in the future.

The consideration clause is a condition attached to an insurance policy that defines the cost of coverage and when payment is due.

Life insurance has four major consideration which are Tax implications , terms and conditions ,beneficiary and distribution option.

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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