Alex, age 26, purchased a 20-payment whole life insurance policy. After Alex has made 20 premium payments, his life insurance policy is considered

A) matured.
B) reduced.
C) expired.
D) paid-up.

Answer: D

Business

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Indicate whether the statement is true or false

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According to research, when a firm delays downsizing as long as possible, the firm will most likely ________

A) recover more quickly when the economy improves B) implement a formal grievance procedure C) force senior employees into retirement D) file for bankruptcy within one year

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