Which of the Following Statements About Second-To-Die Life Insurance Is

question 2

Multiple Choice

Which of the following statements about second-to-die life insurance is (are) true?
I.The insurance is a form of endowment coverage.
II.The premium is lower than the combined cost of purchasing a life insurance policy on each insured.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Court Structure

The hierarchical arrangement of courts within a legal system, ranging from lower courts to higher courts, each with specific jurisdictions and responsibilities.

Province

A principal administrative division of certain countries, notably Canada, which is distinguished by geographical, cultural, or political criteria.

Court System

The organizational structure of courts that interpret and apply the law in legal cases, comprising various levels from local to supreme courts.

Enforce

To compel obedience to a law, rule, or obligation through the imposition of penalties or legal sanctions.