Which of the following statements regarding a spousal rider to a life insurance policy is NOT correct?
A) This rider usually consists of level term life insurance.
B) There is a premium for this coverage in addition to the base policy premium.
C) This is a form of other insureds rider.
D) This rider usually provides coverage that lasts as long as the coverage that is provided through the base policy."
Ans: D) This rider usually provides coverage that lasts as long as the coverage that is provided through the base policy."
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Which of the following is a noneconomic cost associated with premature death?
A) reduction in the standard of living B) loss of a parental role model C) additional expenses, such as uninsured medical bills D) loss of the deceased breadwinner's future earnings
Two significant advantages of ATM are its low cost and low level of complexity
Indicate whether the statement is true or false