All of the following are required provisions in life insurance policies EXCEPT
A) a 1-month grace period for payment of premiums after the first payment has been made
B) a replacement provision
C) a reinstatement provision
D) a misstatement of age provision"
Ans: B) a replacement provision
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When you let the audience know that you understand what is important to them by using the "you" attitude, what characteristic of credibility is being displayed?
A) Honesty B) Objectivity C) Awareness of audience needs D) Endorsements E) Sincerity
Jimmy just bought a new Ford SUV for his business. The price of the vehicle was $40,000. Jimmy
made a $5,000 down payment and took out an amortized loan for the rest. The car dealership made the loan at 8% interest compounded monthly for five years. He is to pay back the principal and interest in equal monthly installments beginning one month from now. Determine the amount of Jimmy's monthly payment. A) $634.56 B) $809.33 C) $745.87 D) $709.67