Author Question: Which of the following statements about second-to-die life insurance is (are) true? I. The ... (Read 34 times)

tiffannnnyyyyyy · **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