A provision in a whole life policy that allows a policyowner to terminate the policy in return for a reduced paid-up policy of the same type is called a(n)

A) insuring clause
B) payor provision
C) reinstatement provision
D) nonforfeiture provision

Ans: D) nonforfeiture provision

Business

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When conducting an audience analysis for a presentation, which of the following will allow you to gauge the audience's probable reaction?

A) Each audience member's background and level of understanding B) What the audience already knows about the subject C) Whether the audience is familiar with the vocabulary you intend to you D) Possible objections or questions E) The mix of general concepts and specific details you need to present

Business

In comparison to market economies, command economies lack:

A. government interference in allocation of resources. B. dynamism and innovation. C. concern for the interests of the nation. D. commitment to communism. E. any opposition to private ownership.

Business