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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Question
100%
Which one of the following statements identifies a purpose or characteristic of a survivorship life insurance policy?
A)
The premium will be more than the combined premiums on separate policies for each of the insured parties.
B)
A purpose is to provide estate liquidity at the death of the survivor of the insured parties.
C)
When the insured parties are a husband and wife, a purpose can be to allow the first spouse to die to receive the death proceeds free of transfer tax.
D)
The underwriting will concentrate most on the insured party that is likely to die first.
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