What is a participating life insurance policy?
A) Agreement that allows two or more beneficiaries to share in the death benefit
B) Contract that gives beneficiaries the right to participate in any dividends
C) Contract that allows the policyowner to receive a share of surplus in the form of policy dividends
D) Agreement that insures two or more lives
Answer: C) Contract that allows the policyowner to receive a share of surplus in the form of policy dividends
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Which of the following suggests a weakness in a company's internal environment?
A) The audit committee regularly meets with the external auditors. B) The Board of Directors is primarily independent directors. C) The company has an up-to-date organizational chart. D) Formal employee performance evaluations are prepared every three years.
The marketing researcher must develop response formats that are very clear and that are used identically by the various respondents. This process is known as ________
A) reliability B) scale development C) validity D) objectivity E) subjectivity