Which type of life insurance policy pays the face amount at the end of the specified period if the insured is still alive?
A) Policy loans are disallowed
B) The premium payments will be tax deductible
C) Pre-death distributions are typically taxable
D) Withdrawals will be prohibited
Answer: C) Pre-death distributions are typically taxable
Business
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Your bank has agreed to grant you a discount loan with an APR of 5.25%. If you need $5,000 today, how large is the face value of the loan?
A) $4,751 B) $5,000 C) $5,263 D) $5,277
Business
Silos will probably not prevent customer service representatives from accessing customer data payment records in real-time
Indicate whether the statement is true or false
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