Examlex

Solved

Which of the Following Statements About Endowment Insurance Policies Is

question 33

Multiple Choice

Which of the following statements about endowment insurance policies is (are) true?
I.The face amount is paid if the insured dies during the policy period or at the end of the policy period if the insured is still alive.
II.The use of endowment insurance has increased in recent years because of its favorable tax treatment.


Definitions:

Unfair Practices

Actions conducted by businesses or individuals that are dishonest, deceptive, or unethical, often violating consumer rights.

Intentional Interference

Deliberate actions by a person intended to disrupt or interfere with another's contractual or business relationships.

Public Interest

The welfare or well-being of the general public, often considered in legislation, government actions, and legal decisions.

Prospective Competitive Advantage

The potential for a firm to achieve a future position where it outperforms rivals in efficiency, quality, innovation, or customer service.

Related Questions