Darcy buys a life insurance policy on her own life, under which she pays the annual premiums. The insurance is issued for a specific period, but is renewable for similar periods. Darcy is covered only as long as she makes the payments. There is no cash value portion to the policy. Darcy probably owns
A) whole life insurance
B) key-person life insurance.
C) term life insurance.
D) an annuity.
C
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David dies an untimely death in a boating accident two days after writing a check to his landlord. The bank finds out about David's death the day after it happens. When the landlord presents the check to the bank two weeks later, the bank must pay it unless David's heirs object
a. True b. False Indicate whether the statement is true or false
Perceptual groupings ________ create inaccuracies.
A. never B. rarely C. can D. always
Jason bought 300 shares of Robot stock at $38 . Commission charges were $0.20 per share. Compute the total cost of the purchase
A ________ deed contains the greatest number of warranties and provides the highest level of protection to a grantee.
A. quitclaim B. general warranty C. limited warranty D. special warranty