Life Insurance Policy Reserves

question 14

Multiple Choice

Life insurance policy reserves

• A)are always equal to the policy's cash surrender value.
• B)are a major asset of life insurance companies.
• C)are paid to the beneficiary when the insured dies.
• D)are a major liability of life insurance companies.

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Definitions:

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Figurative language used to represent objects, actions, or ideas in such a way that it implies a resemblance, conveying a meaning not explicitly stated.

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Double Defense Approach

A strategy combining two separate methods of protection or defense to enhance overall effectiveness.

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