Employee Appraiser, a computerized appraisal tool, provides numerous evaluation dimensions that can be used when conducting a performance appraisal

The insured buys a non-participating whole life policy. Many years later the insured is disabled and cannot afford the premiums anymore. She exercises the Extended Term Non-forfeiture option. Which statement is not true?

A. The policy will accrue cash value, but with a lower death benefit coverage. B. No more premium payments are required. C. The coverage amount will remain the same as the original policy. D. The policy will remain in force a certain number of years, then expire.

Which of the following statements regarding executive bonus plans is NOT correct?

A) The bonus is included in the employee's gross income. B) The employer may alternatively use the bonus to pay the premiums on a life insurance policy covering the employee's life. C) An executive bonus plan is a nonqualified employee benefit arrangement in which an employer pays a bonus to a particular employee. D) The employer becomes the policyowner of the insurance policy."