Which of the following is true?
A) The life insurance grace period gives the insured two months during which to correct any misinformation supplied in the application for coverage.
B) If the insured misstates his/her age on a life insurance application, the insurer has grounds for voiding the contract.
C) The purpose of the beneficiary clause in life insurance is to enable the policy owner to designate to whom the proceeds shall be paid when the insured dies.
D) The life insurance assignment clause requires that the policy owner get the insurer's consent before assigning policy ownership to someone else.
C
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If an investor purchased $15 million principal of this security and, in some month, the cash flow available to be paid to the security holders (after all fees are paid) is $12 million, how much is the investor entitled to receive?
What will be an ideal response?
What is the probability that you get exactly three questions right?
A) 0.00032 B) 0.0016 C) 0.008 D) 0.04