Suppose Max wants to arrange the distribution of his life insurance proceeds so that his spouse, as beneficiary, will receive monthly payments for as long as she lives. Which of the following settlement options will meet this need?
A) Life income option
B) Fixed-amount option
C) Interest-only option
D) Fixed-period option"
Ans: A) Life income option
Business
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The right to examine, or free-look, provision in a long-term care policy allows for an insured to return a policy within how many days for a full refund of premiums paid?
A) 30 days B) 15 days C) 10 days D) 20 days
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The easiest of the three modes used to enter a foreign market is by ________.
A. exporting B. joint ventures C. contract manufacturing D. direct investment
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