With a waiver of premium rider attached to a whole life policy issued by a mutual insurer, all of the following are true, except:
A. Dividends will continue to be paid, if earned.
B. Cash values will continue to grow.
C. All features of the policy will remain in force.
D. The insurer will waive the premium payment while the policyowner will continue to pay the cost of the WP rider.
Ans: D. The insurer will waive the premium payment while the policyowner will continue to pay the cost of the WP rider.
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The courts impose judicial affirmative action when:
A. a voluntary affirmative action plan results in reverse discrimination. B. the court finds that an affirmative action plan is the appropriate means of addressing workplace discrimination in violation of Title VII of the Civil Rights Act of 1964. C. an employee files a discrimination claim with the OFCCP. D. the federal contractor satisfies it's requirement to comply with Executive Order 11246.
When the stock price is 20 and the present value of dividends is 2, which of the following is the recommended way of constructing a tree?
A. Draw a tree for an initial stock price of 20 and subtract the present value of future dividends at each node B. Draw a tree for an initial stock price of 22 and subtract the present value of future dividends at each node C. Draw a tree with an initial stock price of 18 and add the present value of future dividends at each node D. Draw a tree with an initial stock price of 18 and add 2 at each node