Which of the following provisions of a life insurance contract generally helps to keep policies in force if policyowners neglect to pay their premiums?
A) Insuring clause
B) Free-look period
C) Grace period
D) Incontestable clause"
Ans: C) Grace period
Business
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You are going to receive $1,500 in two years and $3,000 in four years. What is the combined present value of these future payments if interest rates are 7%?
a. $3,598.85 b. $3,930.47 c. $4,310.16 d. $4,500.00
Business
The homogeneity of natural materials limits the amount of demand-creation activity that producers undertake
Indicate whether the statement is true or false
Business