Author Question: The difference between the legal reserve of a whole life policy and the face amount of insurance is ... (Read 118 times)

xclash · **on:** Jul 11, 2018

The difference between the legal reserve of a whole life policy and the face amount of insurance is the

A) cash value.
B) net amount at risk.
C) premium.
D) dividend accumulations.

Question 2

Alex, age 26, purchased a 20-payment whole life insurance policy. After Alex has made 20 premium payments, his life insurance policy is considered

A) matured.
B) reduced.
C) expired.
D) paid-up.