The sale of a life insurance contract to a third party for a value in excess of the contract's cash surrender value,but less than the contract's death benefit is a:
A) Accelerated Benefit Rider.
B) Guaranteed purchase option rider.
C) Life Settlement.
D) Viatical Settlement.
Correct Answer:
Verified
Q1: Universal and variable universal life policies have
Q2: "Interest Only" is a:
A)Advanced Death Benefit.
B)Fixed Amount.
C)Nonforfeiture
Q4: Which of the following are the most
Q5: How many different options are there available
Q6: Health Flexible Spending Arrangements are funded by:
A)Employee
Q7: Which of the following is not a
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