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Author Question: The difference between the legal reserve of a whole life policy and the face amount of insurance is ... (Read 110 times)

xclash

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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.



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Chelseyj.hasty

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Answer to Question 1

Answer: B

Answer to Question 2

Answer: D




xclash

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Reply 2 on: Jul 11, 2018
Wow, this really help


fatboyy09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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