Creativity and innovation are the signature of small, entrepreneurial businesses

With regard to substandard life insurance risks, which of the following statements is CORRECT?

A) An applicant can be deemed a substandard risk based on physical condition only; no other criteria may be considered. B) To provide coverage to substandard risks, insurers are allowed to charge an extra premium; however, they cannot alter benefit periods or waiting periods. C) Because of stringent underwriting requirements, most life insurance applicants are classified as substandard risks. D) When the applicant represents a substandard risk, the policy may be modified to reduce the benefits provided. "

A lender's interest in a mortgage loan is protected by obtaining additional security from

A) private mortgage insurance. B) title insurance. C) the borrower's note. D) impound accounts.