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Author Question: Which of the following statements about life insurance cash values is (are) true? I. Cash values ... (Read 117 times)

ericka1

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on: Jul 11, 2018
Which of the following statements about life insurance cash values is (are) true?
 
  I. Cash values are a result of the level premium method of purchasing life insurance.
  II. The cash value of a policy must always exceed the policy's legal reserve.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

The purchase of term insurance is justified by which of the following circumstances? I. The insured wants to save money through the policy for a specific need. II. The insured has a temporary need for life insurance protection.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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joechoochoy

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

Answer: A

Answer to Question 2

Answer: B


ericka1

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

connor417

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Reply 3 on: Yesterday
Excellent

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