Which of the following methods would Gro-Tru be implementing if it exchanges its products directly for other goods or services without the use of money?

A) barter
B) offset
C) switch trading
D) buyback

A

Business

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What type of beneficiary on a life policy can only be changed with the written consent of that individual beneficiary?

A) Primary B) Irrevocable C) Contractual D) Revocable"

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Which of the following statements pertaining to reinstatement of a life insurance policy is NOT correct?

A) When reinstating a policy, the insurer must charge the policyowner for past-due premiums. B) A suicide exclusion period is renewed with a reinstated policy. C) When reinstating a policy, the insurer must charge the policyowner for interest premium loans. D) A new contestable period B) A suicide exclusion period is renewed with a reinstated policy. becomes effective in a reinstated policy."

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