The premium on a life insurance policy is
A) a special service charge for monthly rather than annual payments.
B) a reimbursement for previous overpayments.
C) the amount paid out at death minus tax payments.
D) simply the periodic amount paid to the insurance company.
Correct Answer:
Verified
Q22: Life insurance policyholders typically receive dividends from
A)mutual
Q23: A contingent beneficiary
A)will always share in the
Q24: The surrender value on a life insurance
Q25: A premium is
A)the increase in cash value
Q26: If a life insurance policy is renewable,
A)the
Q28: For tax purposes a life insurance dividend
Q29: Which policy pays out at the first
Q30: The cash value on a life insurance
Q31: Only a few stock life insurance companies
Q32: The "beneficiaries" named on an insurance policy
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