M had an annual life premium payment due January 1st. She died January 10 without making the premium payment. What action will the insurer take?

In this scenario, the insurer will typically take the action of paying the face amount minus the past due premium. Life insurance policies generally have a grace period, which allows policyholders to make overdue premium payments without risking a loss of coverage. However, if the premium is not paid during that grace period and the policyholder passes away, the insurer is obligated to fulfill the claim but will deduct the past due premium from the death benefit.

This means that since M passed away shortly after the premium was due and did not make the payment, the insurer will adjust the amount payable by subtracting the unpaid premium from the death benefit. This is a common practice in the insurance industry to ensure faithfulness to the contractual obligations of both the insurer and the insured.