Identify Which of the Following Statements Is False

question 66

Multiple Choice

Identify which of the following statements is false.

• A)The interpolated terminal reserve is similar to a life insurance policy's cash surrender value.
• B)A gift occurs when the owner of an insurance policy irrevocably assigns all ownership rights in the policy to another.
• C)The payment of premiums on an insurance policy that is owned by another does not constitute a gift.
• D)The value of the gift of a life insurance policy is the amount it would cost to purchase a comparable policy on the date of the gift.

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Definitions:

Treatment

The management and care of a patient for the purpose of combating disease or disorder.

Egodystonic

Thoughts and behaviours that do not coincide with one’s self-image (ego).

Egosyntonic

Lack of emotional responsiveness to events or situations that would normally elicit a strong negative emotional response such as heightened anxiety or depression.

Gender Biases

Prejudiced attitudes or discrimination based on a person's gender, often resulting in unfair treatment in various aspects of life.