Which of the following life insurance policies with the same face value would have the highest premium if issued to the same person?

A) 10-year renewable level term
B) 10-year nonrenewable level term
C) 10-year renewable and convertible level term
D) 10-year decreasing term"

Ans: C) 10-year renewable and convertible level term

Business

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Which of the following risk classifications charges the highest premium?

A) Preferred B) Standard C) Level D) Substandard

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A qualified indorser is only liable for secondary liability

Indicate whether the statement is true or false

Business