Brian purchased a variable life policy and died 25 months after the issue date. It is then discovered that Brian understated his age on the application. What will the insurer do in regard to the payment of the death benefit to the beneficiary?
A. The death benefit will be reduced to reflect the age discrepancy.
B. The policy will be rescinded and all premium paid will be refunded to the beneficiary.
C. The full death benefit will be paid because the policy is over 2 years old.
D. The death benefit will be paid to the estate of the insured for legal action
Ans: A. The death benefit will be reduced to reflect the age discrepancy.
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The document attesting to the formation of a limited partnership, filed with designated authorities, is called:
A) the offering memorandum. B) the certificate of limited partnership. C) the subscription agreement. D) the registration statement.
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A) perceived obsolescence B) redlining C) planned obsolescence D) puffery E) reverse redlining