Which of the following statements is true regarding return of premium term insurance?
A) The insurance is free because premiums are refunded at the end of the coverage period.
B) Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision.
C) The return of premium is only offered on one-year term insurance policies.
D) The amount returned is only the base premium and does include the cost of any riders.
Correct Answer:
Verified
Q45: Carl would like to purchase life insurance.He
Q46: Which of the following statements about second-to-die
Q47: Which of the following statements about indexed
Q48: The difference between the legal reserve of
Q49: Which of the following statements about variable
Q51: Which of the following statements is (are)true
Q52: Dave purchased a life insurance policy.The policy
Q53: Which of the following statements about policies
Q54: A common use of second-to-die life insurance
Q55: Michael wants to make sure that 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