Which of the following is characteristic of a good vision statement?

Given a cash value policy with the following characteristics: face value = $200,000, cash value = $50,000, outstanding loans = $10,000 and surrender charges = $1,000, the benefits payable at death are

A) $200,000. B) $199,000. C) $190,000. D) $150,000.

Reinvested dividends

A) are taxed when the shares purchased with the reinvested dividend are sold. B) are taxed at the time the dividend is paid. C) do not increase the value of an investors holdings. D) are generally sold at a premium over the market price.