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Author Question: Part of every whole life insurance premium covers the cost of insurance. The remainder of the ... (Read 103 times)

sarasara

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on: Jun 24, 2018
Part of every whole life insurance premium covers the cost of insurance. The remainder of the premium is devoted to the investment component of the policy, which builds up over time to its:
 A) reimbursement point.
 B)cash surrender value.
 C)culmination value.
 D)return point.

Question 2

X deeded property to his daughter in fee simple so long as she did not marry. The daughter wishes to know what type of interest she holds and if it is valid.


paavo

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

The daughter holds a fee simple determinable, but the restriction on the fundamental right to marry is invalid and will not be enforced.


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