Rod committed suicide four months after purchasing a $100,000 life insurance policy. His insurer must pay:
(a) $100,000
(b) $100,000 less the premiums paid for the coverage
(c) a refund of the premium paid
(d) nothing
Ans: (c) a refund of the premium paid
Business
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A $1,000 face value bond currently has a yield to maturity of 8.22 percent. The bond matures in five years and pays interest semiannually. The coupon rate is7.5 percent. What is the current price of this bond?
A. $948.01 B. $989.60 C. $1,005.26 D. $970.96 E. $1,010.13
Business
According to the wheel-of-retailing theory, which pricing strategy is used by an innovator?
a. pricing at the market b. prestige pricing c. competitive pricing d. deep discount pricing
Business