What happens if, when paying benefits, the insurer discovers that a person's age had been misstated on his individual life insurance application?
A) Benefits will be paid as if the incorrect age stated were actually the correct age.
B) No benefits will be paid.
C) Benefits will be paid for the amount of coverage the premium would have purchased at the correct age.
D) The policyholder's estate must pay a $10,000 fine."
Ans: C) Benefits will be paid for the amount of coverage the premium would have purchased at the correct age.
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Various factors have contributed to the increased importance of packaging as a marketing tool. List and briefly describe these events
What will be an ideal response?
A common problem with all forms of direct marketing is the _____
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