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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 122 times)

xclash

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on: Jul 11, 2018
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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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


xclash

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

yeungji

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

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