The matrix of transition probabilities gives the conditional probabilities of moving from one state to another

Indicate whether the statement is true or false

TRUE

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Concerning the "Family Protection Policy" all of the following statements are true, except:

A. This type of policy consists of whole life on the base insured and riders on the others. B. Convertible term riders cover both the spouse and all children. C. Additional children born after the policy is issued are covered automatically at no extra cost. D. Children, upon reaching the age of majority are permitted to convert to an individual policy with proof of insurability.

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Telemarketing is an example of a direct marketing method

Indicate whether the statement is true or false

Business