All of the following should be considered when determining whether to replace a life insurance policy EXCEPT:
(a) The incontestable clause
(b) The cost of "getting out of" your present coverage
(c) The grace period
(d) Tax consideration
Answer: (c) The grace period
Business
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Companies that produce entire inventories of products or components in one or very few optimal locations are most likely to follow a ________ strategy
A) retrenchment B) global C) blue ocean D) multinational
Business
With an interest rate of 10 percent, the present value of a security that pays $1,100 next year and $1,460 four years from now is approximately
A) $1,000. B) $2,000. C) $2,560. D) $3,000.
Business