Which of the following statements about policies sold to preferred risks is (are) true?
I.Preferred risks are people whose mortality experience (deaths per thousand at a given age) is expected to be more favorable than average.
II.Insurers require preferred risks to purchase at least a minimum amount of life insurance,such as $250,000.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Q48: The difference between the legal reserve of
Q49: Which of the following statements about variable
Q50: Which of the following statements is true
Q51: Which of the following statements is (are)true
Q52: Dave purchased a life insurance policy.The policy
Q54: A common use of second-to-die life insurance
Q55: Michael wants to make sure that life
Q56: Ann is considering the purchase of a
Q57: Which of the following $100,000 whole life
Q58: Gwen purchased an interesting life insurance policy.A
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