Which of the following statements is true regarding return of premium term insurance?
A) The insurance is free because premiums are refunded at the end of the coverage period.
B) Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision.
C) The return of premium is only offered on one-year term insurance policies.
D) The coverage is expensive and is not free when time value of money is considered.
Answer: D
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The saying "plan your workâwork your plan" is designed to
A. Reduce a salesperson's travel time B. Reduce the time a salesperson spends on low-volume customers C. Train salespeople in identifying customers needs quickly D. Encourage more effective planning and execution of sales duties E. Explain the company's ethical stance in terms of its stakeholders
According to the Emerging Market Potential Indicators index, ________ is an indicator of market intensity
A) average annual growth rate of primary energy use B) percentage share of middle class in income/consumption C) private consumption as a percentage of GDP D) per-capita imports from the United States