When does a life insurance policy become effective if the premium is paid at the time of delivery?

In the context of life insurance, the effective date of a policy is crucial as it determines when coverage begins. In Kentucky, if the premium is paid at the time of delivery, the policy generally takes effect immediately on that delivery date, provided all conditions for coverage are met.

In this scenario, if the premium is paid during the delivery of the policy, the effective date aligns with that specific day. Thus, if May 26 is indicated as the day the premium is paid, it would be considered the effective date for the insurance coverage to begin. This reinforces the principle that payment at the time of delivery is necessary for activation, introducing the importance of this transaction in the functionality of the life insurance policy.

The other options suggest dates that do not correspond with the understanding of when the premium was paid and coverage initiated, indicating possible misunderstandings about effective dates in relation to premium payments. Thus, the correct answer reflects the day on which the payment and delivery coincide, marking the official start of coverage.