Silsbee, Texas. Silsbee is a city in Hardin County, Texas, United States. It is located at the intersection of U.S. Highway 96 and State Highway 327. The population was 6,611 at the 2010 census. It is part of the BeaumontâPort Arthur Metropolitan Statistical Area.
Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium.
The life insurance policy clause that prevents an insurance company from denying payment of a death claim after a specified period of time is known as the Incontestability clause Which of the following protects the insured from an unintentional policy lapse due to a nonpayment of a premium