Which of the following dividend options, sometimes called the "fifth dividend option," is not offered by all insurers that sell participating life insurance coverage?
A) paid-up additions
B) reduction of premiums
C) accumulation of dividends at interest
D) term insurance
Answer: D
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Ranger Inc. would like to issue new 20-year bonds. Initially, the plan was to make the bonds non-callable. If the bonds were made callable after 5 years at a 5% call premium, how would this affect their required rate of return?
A. There is no reason to expect a change in the required rate of return. B. The required rate of return would decline because the bond would then be less risky to a bondholder. C. The required rate of return would increase because the bond would then be more risky to a bondholder. D. It is impossible to say without more information. E. Because of the call premium, the required rate of return would decline.
Leaders who challenge their followers to perform their very best are using ______.
A. directive behaviors B. achievement behaviors C. supportive behaviors D. participative behaviors
How much time is a customer expected to spend waiting in line and being checked out?
The local grocery store consists of two cashiers. The customers arrive at the checkout according to the Poisson distribution and the service times are based on negative exponential distribution. The average customer service time is 4 minutes and the average time between the arrivals of successive customers is 3 minutes. Assume that customers equally divide themselves between the two cashiers.
Maria's home was damaged by an earthquake. As Maria has open-perils coverage on her home, she was surprised to learn that her loss was not covered
Which section of a property insurance policy specifies which perils, property, and types of losses are not covered? A) the declarations B) the exclusions C) the conditions D) the insuring agreement