Which of the following statements about home service life insurance, which evolved over time from a type of life insurance called industrial life insurance, is true?
A) Most policies have a face value exceeding $100,000.
B) Premiums are usually not collected at the insured's home and are remitted directly to the agent or the insurer.
C) Industrial life insurance is group term insurance coverage marketed to employees at the work site.
D) This popular product accounts for over 40 percent of the life insurance sold today.
Answer: B
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Governmental actions that discourage imports and block markets include all of the following except:
A) tariffs. B) free trade zones C) subsidies. D) tax incentives. E) duties.
Stan has agreed to sell a warehouse to Ed for $150,000. The contract says that Stan will convey to Ed whatever interest he has in the property, but does not state that he has any interest. Ed is to receive a(n) ____ deed
A) insurable B) quitclaim C) general warranty D) special warranty
Convergence refers to the merger of previously distinct
telephony and information technologies and markets. Indicate whether the statement is true or false
Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of:
A. units in beginning work in process and the units started. B. units in beginning work in process and the units started and completed. C. units in ending work in process and the units started and completed. D. units in ending work in process and the units started.