A provision that allows a policyowner to temporarily give up ownership rights to secure a loan is called a(n)

A) automatic premium loan
B) nonforfeiture option
C) collateral assignment
D) irrevocable assignment

Ans: C) collateral assignment

Business

You might also like to view...

Which of the following is a disadvantage of using Web for interactive marketing?

A) Consumers can effectively screen out most messages. B) An average customer spends very little time on Internet. C) Internet selling and advertising is costlier than other advertising media. D) It is unable to create long-term marketing assets. E) Online marketing limits the possibilities of personalization.

Business

Displays and other company-paid advertisements inside a store are called point-of-purchase advertising

Indicate whether the statement is true or false

Business