What is a whole life policy?
Ans:
A whole life insurance cover or permanent life insurance policy provides life coverage until the death of the life assured. The sum assured of the policy or the coverage is decided at the time of policy purchase and is paid to the nominee at the time of death claim – when the life assured dies.
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Answer the following statement true (T) or false (F)
Effective strategies for structuring bad-news messages
a. follow the deductive sequence. b. vary dramatically from one company to another. c. can generally be applied to cultures around the world. d. are generally consistent among North American audiences.
Which of the following statements is true of civil law systems?
A) They make decisions that rely heavily on case precedents. B) They have a superior public law. C) They tend to put great emphasis on private law. D) They are organized around cases and regulations.
Which of the following is true about the rights of partners in a partnership?
a. A partner is a co-owner of partnership property. b. Transfer of a partner's transferable interest leads to the partner's dissociation. c. A partner may be required to accept a distribution in kind. d. In the absence of an agreement, the partners of a partnership share the profits equally.