What is not likely to happen with a return of premium policy?
A. The total premiums paid are added to the death benefit
B. The total premium paid is returned to the insured when the policy is cancelled
C. These policies typically have a higher premium than policies without this feature
D. Increasing term insurance is used to provide this additional benefit
Ans: B. The total premium paid is returned to the insured when the policy is cancelled
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Jan purchased automobile physical damage insurance with a $500 deductible. This coverage illustrates which two risk management techniques from Jan's perspective?
(a) loss control and avoidance (b) retention and transfer (c) transfer and loss control (d) avoidance and retention
________ of fieldwork means verifying that field workers are submitting authentic interviews
A) Verification B) Validation C) Pretesting D) Coding E) Selection