In an irrevocable living trust, the settlor loses complete control over the trust corpus during his lifetime and cannot change the trust.

A firm that extensively uses relationship-marketing strategies is most likely to:

a. focus on the internal rather than the external business environment. b. rely on aggressive sales strategies. c. be highly centralized. d. encourage teamwork among employees.

What action will an insurer take if it learns that a deceased life insurance policyholder was actually older than the insurer had believed?

A) The insurer cannot take any action. B) The face amount will be lowered to reflect the proper amount based on the correct age. C) The face amount will be paid to the beneficiary and the employer will be required to pay the additional premiums owed. D) The face amount will be increased to reflect the proper amount based on the correct age."