« previous next »

Author Question: If a life insurance policy lapses for nonpayment of premiums, and the policyholder has not elected ... (Read 21 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jul 11, 2018
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

Question 2

Easy Pay Life Insurance Company allows a term insurance rider to be added to its whole life policies. The result is a policy that offers an increased death benefit with an affordable premium. The general name for such a policy is a(n)
 
  A) blended policy.
  B) indexed policy.
  C) joint life policy.
  D) endowment policy.


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

This solitary tree is an appropriate symbol for the tree of life This solitary tree is an appropriate symbol for the tree of life
Dimensions of quality of life affected by cancer Dimensions of quality of life affected by cancer
Life Expectancy for Birth in Men and Women Life Expectancy for Birth in Men and Women
Life cycle of Entamoeba histolytica. Life cycle of Entamoeba histolytica.
Half-life Formula Half-life Formula
Remaining health-adjusted life expectancy (years) at age 25 Remaining health-adjusted life expectancy (years) at age 25
Video: Immune responses Animation

For a complete list of videos, visit our video library