Reference no: EM133212730

QUESTION 1

With the extended term Nonforfeiture option, the length of the term depends on the face value of the original policy.

True

False

QUESTION 2

Policyowner may use the life insurance policy as a collateral of a loan

True

False

QUESTION 3

An agent is permitted to make changes in a policy at the request of a policyowner.

True

False

QUESTION 4

Assumed interest rate doesn't affect the annuitant's longevity. Therefore, it has no impact on the premium amount.

True

False

QUESTION 5

The policy loan is a loan taken out by the policyowner and therefore the beneficiary need not repay the policy loan.

True

False

QUESTION 6

The own occupation definition of total disability is more liberal than the any occupation definition.

True

False

QUESTION 7

The younger the annuitant's attained age when annuity starts to pay, the higher premium of the annuity will be.

True

False

QUESTION 8

No futher premiums is needed with reduced paid-up insurance Nonforfeiture option.

True

False

QUESTION 9

For indeterminate premium policies, the premium is lower at the beginning of the policy period and higher in the later periods.

True

False

QUESTION 10

Family maintenance policy combines level term insurance with a permanent policy.

True

False