This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about beneficiary designations is (are) true? I. The primary ... (Read 63 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 11, 2018
Which of the following statements about beneficiary designations is (are) true?
 
  I. The primary beneficiary is entitled to the death proceeds of a life insurance policy only if the contingent beneficiary dies before the insured.
  II. If a revocable beneficiary designation is used, the insured must obtain the beneficiary's permission of exercise most policy rights.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

All of the following statements about the requirements to reinstate a lapsed life insurance policy are true EXCEPT
 
  A) Evidence of insurability is required.
  B) The lapse must have resulted from other than the surrender of the policy for its cash value.
  C) All overdue premiums must be paid along with interest from the premium due dates.
  D) There is no time limit on when the policy may be reinstated.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

T4T

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


erika

  • Hero Member
  • *****
  • Posts: 522
Reply #2 on: Jul 11, 2018
Thank you


T4T

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jul 11, 2018
No problemo


« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Primary Groups: Families Primary Groups: Families
Ekman’s six primary facial expressions of emotion and one combination facial expression. ... Ekman’s six primary facial expressions of emotion and one combination facial expression. ...
High net primary productivity High net primary productivity
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Primary motor area of cerebral cortex Primary motor area of cerebral cortex
Satellite data on primary productivity in the equatorial Pacific Ocean Satellite data on primary productivity in the equatorial Pacific Ocean
Video: Role of transport in a cell

For a complete list of videos, visit our video library