Patrick owns an adjustable life policy. Which of the following statements is CORRECT?
A) Upon showing evidence of insurability, Patrick can increase the face amount of his policy.
B) The company has a right to raise or lower the premium on the basis of its investment earnings.
C) Any adjustments made on the policy will have retroactive effects on the policy's provisions.
D) Decreasing the premium shortens the premium-paying period."
Ans: A) Upon showing evidence of insurability, Patrick can increase the face amount of his policy.
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What are the disadvantages of an ESOP retirement plan?
A) Your retirement account is not diversified. B) The return on your account is subject to the success of the company. C) If the company files for bankruptcy, the stock in your account could become worthless. D) All of the above are correct. E) Only A and C are correct.
Based on the information shown above, how much would you receive from selling 2,000 shares of the above stock?
A) €40,840 B) €40,740 C) €41,000 D) €42,560