Ben is considering the purchase of a $75,000 whole life policy. Which of the following options would tend to lower his premiums?
A) The waiver of premium option
B) The addition of a cost-of-living rider
C) Paying premiums annually as opposed to monthly
D) The addition of a guaranteed insurability rider"
Ans: C) Paying premiums annually as opposed to monthly
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A seller sold her house to a buyer who agreed to assume the existing loan. They proposed this to her lender, who approved the assumption. Which of the following statements is true with respect to the outstanding loan payments?
A. The seller remains primarily liable and the buyer is secondarily liable B. The buyer is primarily liable and the seller is secondarily liable as a surety C. The seller is completely relieved of liability D. The buyer is completely relieved of liability
Which shopping location has the greatest concentration of convenience stores?
a. neighborhood business district b. secondary business district c. central business district d. regional shopping center