The incontestability period is usually

A) shorter for individual term life insurance policies
B) the shortest for group life insurance policies
C) the same for both individual and group life insurance policies
D) longer for individual whole life insurance policies"

Ans: C) the same for both individual and group life insurance policies

Business

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Sustainable income differs from net income because of which of the following items?

A. Gains and losses B. Gains and losses, and regular and irregular revenues C. Irregular revenues, irregular expenses D. Gains and losses, and irregular revenues and irregular expenses

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The time-period assumption assumes that the economic life of a business can be divided into artificial time periods.

a. true b. false

Business