A life insurance policyholder may no longer need life insurance. Such a policyholder may sell the policy to a third party for more than its cash value.
The purchaser becomes the new beneficiary and is responsible for subsequent premium payments. Such a financial transaction is called a(n)
A) collateral assignment.
B) accelerated death benefits rider.
C) absolute assignment.
D) life settlement.
Question 2
A life insurance contractual provision protects the beneficiary by not permitting the insurer to introduce outside information to deny payment of the claim.
Such outside information might be notes that the agent took while the insured completed the application. This contractual provision is the
A) entire contract clause.
B) incontestable clause.
C) reinstatement clause.
D) change-of-plan provision.
Alternation of generations, the plant life cycle
The Many Faces of Life (Part 1)
two-host life cycles of plasmodium
season of life
Urban Life
People are living longer today than in previous decades