Which of the Following Statement Is True Regarding Return of Premium

question 56

Multiple Choice

Which of the following statement is true regarding return of premium term insurance?

• A)The insurance is free because premiums are refunded at the end of the coverage period.
• B)Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision.
• C)The return of premium is only offered on one-year term insurance policies.
• D)The coverage is expensive and is not free when time value of money is considered.

Identify and manipulate text insertion and formatting in PowerPoint presentations.

Recognize and use PowerPoint’s Backstage view for managing presentation properties and printing options.

Navigate and apply themes in PowerPoint to enhance presentation appearance.

Create and organize slides with multilevel bulleted lists.

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Definitions:

Defeated

Having been overcome in a battle, competition, or other form of contest; to have lost.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, known for his administration’s response to the Great Depression.

Franklin Delano Roosevelt

The 32nd President of the United States (1933-1945) who led the country during the Great Depression and World War II, implementing the New Deal.

New Dealers

Proponents and implementers of the New Deal, a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.