An insurance policy written after 1988 that fails to pass the seven-pay test is known as

A) an endowment policy
B) a modified life policy
C) a single premium contract
D) a modified endowment contract

Ans: D) a modified endowment contract

Business

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Indicate whether the statement is true or false.

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Which of the following can an employer NOT ask on an employment application form?

A) Age B) Race C) Marital status D) Both A and C E) All of the above

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