Which statement(s) is(are) true with regard to the surrender cost index?
I. It is based upon the assumption that the policy will be surrendered after a specific period.
II. It ignores the time value of money.
(a) I only
(b) II only
(c) Both I and II
(d) Neither I nor II
Ans: (a) I only
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Programs are available to help low-income older or disabled people who have difficulty budgeting.
a. true b. false
Jerry Jones has a Visa® card with the Very Big Interstate Bank
He notices that the interest rate charged on this card is 19.5% per annum. Jerry has been employed by the same company for 15 years and has excellent credit. The company has a credit union that will issue Jerry a Visa® card with an interest rate of 14.6%. The credit union offered Jerry this reduced rate because A) the credit union manager likes Jerry. B) the unsystematic risk is lower for credit union members than it is for the general population. C) all Visa® credit cards charge the same rate. D) the systematic risk is lower for credit union members than it is for the general population.