Which of the Following Statements About the Guaranteed Purchase Option

question 6

Multiple Choice

Which of the following statements about the guaranteed purchase option is true?

• A)It is usually available with term insurance policies.
• B)The premium when an option is exercised is based on the insured's age at the time the original policy was issued.
• C)The option permits the insured to purchase specified amounts of life insurance in the future even if the insured has become uninsurable.
• D)If a guaranteed purchase option expires without being used,it can be exercised at a later date.

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Definitions:

You-viewpoint

A communication approach focusing on the audience's perspective and interests.

You-attitude

A communication approach focusing on the audience's needs and perspectives, emphasizing "you" rather than "I" or "we."

Formal Style

A type of writing or speech characterized by a structured, impersonal, and professional tone, often used in official communications and academic works.

Informal Language

A casual form of communication that uses everyday expressions and is typically used in personal conversations.