Jerry is an insured who understated his age on his life insurance application, paying $12 per $1,000 of insurance instead of $15 per $1,000. If he dies, how will the adjusted death benefit be calculated?
A) 12/15th of the policy's face amount
B) 1/2 of the policy's face amount
C) 3/4 of the policy's face amount
D) Full face amount
Ans: A) 12/15th of the policy's face amount
Business
You might also like to view...
Risk can be defined as uncertainty concerning the actual return that an investment will generate
Indicate whether the statement is true or false.
Business
________ is the process of assigning pieces of application code to clients or servers
A) Application partitioning B) Modularizing programs C) Code distribution D) Program breakup
Business