Using electronic data storage never causes a data security concern because computers rarely have issues with unauthorized access

Which of the following best represents what the phrase "life insurance creates an immediate estate" means?

A. The policy creates immediate cash value. B. The death benefit will always be paid to the estate of the insured. C. The face value of the policy is payable to the beneficiary upon the death of the insured D. None of these represent what this phrase means.

In a promissory note, the party who promises to pay is called the payee

Indicate whether the statement is true or false