The Sale of a Life Insurance Contract to a Third

question 5

Multiple Choice

The sale of a life insurance contract to a third party for a value in excess of the contract's cash surrender value,but less than the contract's death benefit is a:

• A)Accelerated Benefit Rider.
• B)Guaranteed purchase option rider.
• C)Life Settlement.
• D)Viatical Settlement.

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Definitions:

Critical Networks

Essential systems or networks of connections that are vital for the operation of a community, organization, or system, often relating to infrastructure or communication.

Engineered

Pertains to something meticulously designed or constructed with a specific purpose or outcome in mind, often using scientific principles.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically identified as product, price, place, and promotion.

Relational

Pertaining to or concerning the way in which two or more concepts, objects, or people are connected.