Malcolm would like to purchase life insurance. He is concerned that he might need additional life insurance in the future and that he might be uninsurable at that time
What provision can Malcolm add to his life insurance policy that will permit him to purchase additional life insurance at specified times in the future without providing evidence of insurability?
A) double indemnity rider
B) guaranteed purchase option
C) waiver-of-premium provision
D) accelerated death benefits rider
Answer: B
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A product life cycle has five distinct stages: product development, introduction, growth, maturity, and ________
A) stabilization B) rebranding C) decline D) progression E) segmentation
Which of the following is NOT a lever for reducing cycle inventories?
A) place purchased item orders at fixed intervals B) reduce lot sizes for items moving in the supply chain C) streamline methods for placing orders and making machine set ups D) increase repeatability to eliminate the need for changeovers