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Author Question: Which of the following statements about second-to-die life insurance is (are) true? I. The ... (Read 57 times)

tiffannnnyyyyyy

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on: Jul 11, 2018
Which of the following statements about second-to-die life insurance is (are) true?
 
  I. The insurance is a form of endowment coverage.
  II. The premium is lower than the combined cost of purchasing a life insurance policy on each insured.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements about policies sold to preferred risks is (are) true?
 
  I. Preferred risks are people whose mortality experience (deaths per thousand at a given age) is expected to be more favorable than average.
  II. Insurers require preferred risks to purchase at least a minimum amount of life insurance, such as 250,000.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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kswal303

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

Answer: B

Answer to Question 2

Answer: C


tiffannnnyyyyyy

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

AISCAMPING

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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