Solved

In the Settlement of Policy Proceeds Under an Installment Option

Question 26

Multiple Choice

In the settlement of policy proceeds under an installment option, each payment includes (where principle equals proceeds at the date of death) :

A) principal only
B) interest only
C) cash value, principal, interest and dividends
D) principal and interest

Related Questions

Q21: Nonparticipating life insurance will generally have lower

Q22: An insured must pay the specified interest

Q23: Explain how dividends may be used when

Q24: Which of the following is false regarding

Q25: The irrevocable beneficiary cannot be changed by

Q27: The incontestability clause in life insurance primarily

Q28: Which of the following is <u>not</u> a

Q29: Only whole life insurance policies have a

Q30: The incontestable clause states that the insurer:<br>A)

Q31: The entire-contract provision makes the application for