Which of the following statements about the surrender cost index for measuring the cost of life insurance is true?
A) It is based on the assumption that the policy will be in force indefinitely.
B) It takes into account the settlement options available in the policy.
C) It does not consider the cash value in the policy.
D) It takes the amount and timing of each dividend into consideration.
Answer: D
You might also like to view...
An effort to combine data from different sources by gathering integrated information on household and marketing variables applicable to the same set of respondents is called ________
A) single-source data B) dual-source data C) multiple-source data D) qualitative data E) cashier data
A part of the data cleaning process that identifies data that are out of range or logically inconsistent, or that have extreme values, is called ________
A) transcribing B) validating C) consistency checks D) coding E) editing