All of the following statements apply to an estoppel certificate except:
A. It may also be called a letter of estoppel
B. It is used to confirm that the lien or obligation exists
C. It is used to confirm the outstanding loan balance as of a given date
D. It forms a lien against the property
Answer: D. It forms a lien against the property
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The AIDA concept:
a. does not include personal selling, advertising, and public relations. b. does not explain how all promotions influence purchase decisions. c. assumes that consumers regularly go through each stage of the process during all purchases. d. indicates that a purchase decision is the same for high-involvement and low-involvement products.
Which of the following statements about the waiver-of-premium provision in life insurance is true?
A) Because the probability of becoming disabled exceeds the probability of premature death, the cost to include this provision is usually prohibitive at younger ages. B) Premiums are usually waived if the insured becomes partially disabled. C) Life insurance protection continues in force during a period of disability, but dividends cease and cash values are reduced. D) The disability must occur before a stated age, such as 65, for premiums to be waived.