« previous next »

Author Question: Which of the following statements is (are) true regarding exclusions in life insurance contracts? ... (Read 63 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jul 11, 2018
Which of the following statements is (are) true regarding exclusions in life insurance contracts?
 
  I. Life insurance policies are remarkably restrictive, including numerous exclusions.
  II. A life insurer may exclude death attributable to certain activities or hobbies disclosed on the application.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements is (are) true concerning the automatic premium loan provision?
 
  I. Unlike other policy loans, interest is not charged on automatic premium loans.
  II. The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

These species are all at risk of extinction. Species with “slow” life-h These species are all at risk of extinction. Species with “slow” life-h
The Scale of Life 1 The Scale of Life 1
Life cycle of Plasmodium Life cycle of Plasmodium
The Ku Klux Klan forces John Campbell, a black man, to beg for his life in Moore County, North Carol The Ku Klux Klan forces John Campbell, a black man, to beg for his life in Moore County, North Carol
True Dover Sole True Dover Sole
Life cycle of a T-even bacteriophage, as known in 1952 Life cycle of a T-even bacteriophage, as known in 1952
Video: Stages of Mitosis - Prophase, Prometaphase, Metaphase, Anaphase & Telophase

For a complete list of videos, visit our video library