Type A universal policies pay the cash value in addition to the face amount at the death of the insured.
Correct Answer:
Verified
Q1: Industrial life is a type of insurance
Q2: Term insurance contacts have no cash value
Q3: Most term policies are not convertible into
Q4: Whole life is often referred to as
Q6: Modified life generally is a type of
Q7: Endowment insurance is currently far less popular
Q8: When the premium declines gradually each year,
Q9: Universal life contracts provide for more flexible
Q10: Renewable term policies are initially written for
Q11: If a contingent beneficiary is not named
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