If an Insured Purchases a Guaranteed Insurability Provision on a Life

question 38

Multiple Choice

If an insured purchases a guaranteed insurability provision on a life insurance policy,the:

• A)insured is allowed to pay an extra initial premium in exchange for an assured option to buy more insurance at certain specified times later with no questions asked.
• B)insurer is allowed to excuse the insured from paying premiums if the insured becomes disabled.
• C)insured has to pay an extra $25 in exchange for a guarantee of coverage by the insurance,should the insured become disabled.
• D)insurer has to pay double the amount of the policy to the beneficiary if the insured dies from accidental causes.

Understand strategies to address and minimize audience objections in persuasive messages.

Understand the role and functions of marketing messages in the purchasing process.

Recognize the importance of combining emotional and logical appeals in persuasive messaging.

Comprehend the significance of concluding persuasive messages on a positive note.

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Definitions:

Standard Labour Rate

The pre-established rate per hour that a company expects to pay for direct labor.

Actual Units

The real quantity of items produced, sold, or consumed, as opposed to planned or theoretical quantities.

Variable Overhead Spending Variance

This is the difference between the actual variable overheads incurred and what was expected or budgeted, based on the actual level of production activity.

Standard Quantity

The predetermined or expected amount of materials required to complete one unit of a product, used for budgeting and costing purposes.