Financial markets exist in order to allocate savings in the economy to the demanders of those

Which of the following statements regarding the paid-up additions life insurance policy dividend option is NOT correct?

A) Paid-up additions consist of permanent life insurance of the same type as the base policy. B) A paid-up addition increases the policy's total cash value as well as its death benefit. C) The paid-up additions dividend option is only available to insureds that remain insurable. D) The amount of paid-up coverage acquired is based on the insured's attained age at the time the dividend is declared."

A contract transferring the rights to possession of real property for a specified term is known as a

a. lis pendens. b. Lien. c. Lease. d. Deed on condition.