Which of the following statements about a typical accidental death benefit rider is (are) true?
I. Accidental injury must be the cause of death for the increased benefit to be paid.
II. The accidental death must occur prior to some specified age for the increased benefit to be paid.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
You might also like to view...
In reconciling the bank statement, the deposits in transit are deducted from the balance shown on the bank statement
Indicate whether the statement is true or false
Regarding actuarial assumptions, firms must disclose in notes to the financial statements all of the following except:
a. the discount rate used to compute the pension benefit obligation. b. the expected rate of return on pension investments. c. estimates of the number of retirees over the future 10 years. d. the rate of compensation increase.
The term _______ describes a company that has achieved and sustains high levels of customer satisfaction.
Fill in the blank(s) with the appropriate word(s).
An individual moves through stages before adopting a product. During the awareness stage, consumers ________.
A. purchase the product for the purpose of making a value decision B. purchase the product with the intent of becoming a dependable user C. receive additional information and be motivated to seek out added information for further evaluation D. find they have a passion for the product E. know of the product, but have insufficient information to move forward through the adoption process