Chapter7: Types And Costs Of Financial Capital
Section: Chapter Questions
Problem 9EP
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DATE:
1.
A fixed amount added to the premium of a given policy
regardless of policy size is known as
O a) policy fee
O b) policy reserves
O c) policy values
O d) extra premium
2.
To able to calculate the required premiums for a given
policy, the agent must know the applicant's
Oa) age
O b) choice of plan
O c) face amount desired
O d) all of the above
3.
To calculate premium for the other modes of premium
payment, the annual premium is
O a) divided by the desired number of premium b) divided by a conversion factor
mode of payment desired
payments
O c) multiplied by a conversion factor for the
mode of payment desired
O d) multiplied by a constant conver
4.
Life insurance is
Ob) only available to a specific group
O a) luxury afforded by the rich
O d) a speculative risk
O c) a cooperative risk-sharing plan
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