Which situation accurately describes a reduced paid-up nonforfeiture option?
A) Policy has a decreased face amount
B) Face amount of the new policy equals that of the original policy
C) Cash value is surrendered to policyowner
D) Premiums must continue to be paid
Ans: A) Policy has a decreased face amount
Business
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a. Lead generation b. An intervention c. Lead qualification d. An interaction
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Savannah Company sells glass vases at a wholesale price of $5 per unit
The variable cost of manufacture is $2.50 per unit. The fixed costs are $6,200 per month. It sold 5,700 units during this month. Calculate Savannah's operating income (loss) for this month. A) $22,300 B) $8,050 C) ($8,050 ) D) ($6,200 )
Business