All of the following statements about the surrender cost index for measuring the cost of life insurance are true EXCEPT
A) It is based on a specific time period,such as 10 or 20 years.
B) It takes into account the settlement options available in the policy.
C) It requires that annual premiums be accumulated at a specified interest rate.
D) It takes the amount and timing of each dividend into consideration.
Correct Answer:
Verified
Q2: Which method of analyzing the cost of
Q9: Mary is interested in comparing life insurance
Q10: Which of the following statements describes how
Q12: Which of the following statements about the
Q13: Which of the following statements about the
Q16: Marshall is interested in determining the cost
Q16: David purchased a $100,000 participating whole life
Q19: Why might the use of "grades" assigned
Q20: The first step in "shopping for life
Q20: David purchased a $100,000 participating whole life
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents