6 if an insured dies during the grace period of a life insurance policy before paying therequired annual premium the beneficiary will receive1A the cash value of the policy, if anyB the full-face amount of the policyC the face amount of the policy less an required premiumsD a refund of any premiums paid

Understanding the implications of a life insurance policy during the grace period is crucial for…

Answered: 6 if an insured dies during the grace…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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25. the grace period for a life insurance policy is never less than a. 15 days b. 30 days c. 45 days d. 60 days
Faxwxting An insured purchases a $100,000 Accidental Death and Dismemberment policy that will pay triple indemnity for death caused when riding in a common camine. If the insured a commercial airplane crash, the policy will pay a MAXIMUM of OA O D. $100,000 $200,000 $300,000 $400,000 Marbour
Imagine 5 different events that would cause losses that would be covered by renter's insurance. Write a one-sentence description of each event and a description and estimate of the amount of losses that would result if you experienced the event.
Recon Which of the following information is included in the Consideration cause in an Accident and Health policy? O A. Description of the coverage provided OB. OC. O D. Explanation of the Contestable periods Duration of the Grace Period Schedule and amount of premium payments
Differentiate between:a. Qualitative analysis of risks and quantitative analysis of risks.
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Discuss some of the characteristics of insurance.
11 which of the following types of insurance best satisfies the need for permanent insurance protection A endowment B term C whole life D annuity
An owner, who bought an industrial building without financing on January 1st eight years ago for $8,000,000 is selling the property on December 31st of the current year for $8,900,000 and will incur a cost of sale of 3 percent of the sale price. The property allocation was 70 percent for improvements and 30 percent for land at the time of purchase. The owner's tax rates are 35 percent for ordinary income, 25 percent for cost recovery recapture, and 20 percent for capital gain from appreciation. What are the proceeds after tax for this sale? O $8,633,000 O $6,863,312 O $8,900,000 O $8,222,316

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