DAMian is obtaining a lo year Mtg of 400,000 to purcha - House, while obtaining the mtg, Damian was giver the option to apply for Creditor INS and the Choosess to apply. According to CLHIA, while Damian applies for Creditor INS, the Lender should et Damian know that: he has the Right to Cancel the Coverage at any time ofte policy issue. he Cannot get a Refund for Cancellation afte receiving the Celificate of INS. his premiums will be calculated based on his finacial Status health and finacial he will have to add a Beneficiary to the INS proceeds.
DAMian is obtaining a lo year Mtg of 400,000 to purcha - House, while obtaining the mtg, Damian was giver the option to apply for Creditor INS and the Choosess to apply. According to CLHIA, while Damian applies for Creditor INS, the Lender should et Damian know that: he has the Right to Cancel the Coverage at any time ofte policy issue. he Cannot get a Refund for Cancellation afte receiving the Celificate of INS. his premiums will be calculated based on his finacial Status health and finacial he will have to add a Beneficiary to the INS proceeds.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:lo year Mtg of 400,000 to purchase
a House, while obtaining the mtg, Damian was given
the option to apply for Creditor INS and the Choosers
to apply. According to CLHIA, while Damian
applies for Creditor INS, the Lender Should
Let Damian
know that:
he has the Right to Cancel the Coverage at any
time ofte
policy issue.
he cannot get
receiving the Celificate
a Refund for Cancellation afte
of INS.
his premiums will be calculated based on his
finacial Status
health and finacial
he will have to add a Beneficiary to the
INS proceeds.
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