Which of the following must a life insurance policy include to comply with Florida law?

In Florida, life insurance policies are required to include several specific provisions to ensure consumer protection and policyholder rights. One such requirement is the inclusion of a grace period provision. This provision allows policyholders some additional time to make premium payments without the policy lapsing, thereby providing a safeguard against unintentional loss of coverage.

Another important feature is accelerated benefit options, which enable policyholders to access a portion of the death benefit while they are still alive, typically in cases of terminal illness or other qualifying conditions. This can be vital for individuals facing significant medical costs and helps to alleviate financial stress during difficult times.

Lastly, policy loan provisions are critical for policies that accumulate cash value. They allow policyholders to borrow against the cash value of their life insurance, providing flexibility and financial options for policyholders in need.

By requiring that all these elements be included in a life insurance policy, Florida law ensures that consumers have access to comprehensive benefits and protections aligned with their needs and circumstances. Thus, having a life insurance policy that encompasses a grace period provision, accelerated benefits, and policy loan provisions aligns with the state's regulatory framework designed to protect policyholders.