Which of the following statements regarding convertible term insurance is true?
A) Evidence of insurability must be provided to convert the policy.
B) More term policies are converted using the original-age method than using the attained-age method.
C) The converted coverage has a lower face amount than the term coverage.
D) The annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.
Question 2
Julian, age 45, would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings over the next 20 years will be 40,000.
Of this amount, 20,000 is available annually for the support of his family. Julian will generate this income for 20 more years and he believes that 5 percent is the appropriate interest (discount) rate. The present value of one dollar payable for 20 years at a discount rate of 5 percent is 12.46. What is Julian's human life value?
A) 184,600
B) 249,200
C) 360,800
D) 400,000
Which is TRUE about the alternation of generations cycle that is diagramed above?
Human activity has released carbon from sequestration in long-term reservoirs
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Experimental evidence of cytoplasmic localization in an amphibian oocyte.
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