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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