If a life insurance policy lapses for nonpayment of premiums, and the policyholder has not elected another option, which nonforfeiture option usually goes into effect in most policies?
A) reduced paid-up insurance
B) one-year term insurance
C) extended term insurance
D) payment of cash value
Answer: C
You might also like to view...
Stephanie recently lost her job at TruTech. She can use the relocation services provided by TruTech to help her find a job elsewhere.
Answer the following statement true (T) or false (F)
To maximize total revenues, one can set the derivative of the total revenue function equal to zero and solve
Indicate whether the statement is true or false
A production process produces 90% non-defective parts. A sample of 10 parts from the production process is selected
a. What is the probability that the sample will contain 7 non-defective parts? b. What is the probability that the sample will contain at least 4 defective parts? c. What is the probability that the sample will contain less than 5 non-defective parts? d. What is the probability that the sample will contain no defective parts?
The organizing function of supervision involves determining which of the subordinates in the work unit are best qualified for a particular job that has to be done and subsequently assigning that job to the appropriate subordinate
Indicate whether the statement is true or false.