Why is the A.M. Best rating of the insurance company from whom you plan to purchase a life insurance policy important?
A) You want to buy your policy from a company that is most financially sound.
B) You want to buy your policy from a well-regarded insurance company.
C) Since you never know when, or if, your policy will have to pay your beneficiary, it is wise to select the company that will "be around" in the future.
D) All of the above are important considerations.
Correct Answer:
Verified
Q104: Use the following two columns of items
Q105: Life insurance affects everything, except your
A) liquidity.
B)
Q106: Use the following two columns of items
Q107: If you choose to receive your benefit
Q108: Life insurance proceeds are generally not taxable
Q109: When choosing a life insurance company, you
Q110: The services that insurance companies provide should
Q111: Which of the following is not a
Q113: Insurance companies are assigned ratings by all
Q114: You are the beneficiary of a $200,000
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