In conducting a test of independence for a contingency table that has 4 rows and 3 columns, the number of degrees of freedom is 11

What nonforfeiture option allows a policyowner to use the existing cash value to purchase a policy of the same face amount as the original policy but for a reduced amount of time?

A. Reduced paid-up insurance B. Cash surrender value C. Extended term insurance D. Extended paid-up insurance

The "BRIC" countries show the least potential as target markets in the near future

Indicate whether the statement is true or false