Which of the Following Is Not an Example of a Material

question 8

Multiple Choice

Which of the following is not an example of a material change for a life insurance policy?

• A)Change in cash surrender value.
• B)Change in death benefit.
• C)Change in loan value.
• D)Change in premium payment.

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Definitions:

Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, allowing for direct conversion of currency into gold.

Ounce Of Gold

A unit of measure for weighing gold, often used in financial markets and investments to set prices or determine value.

French Francs

The former currency of France before the country adopted the euro, reflecting France's national economic history.

Price Of Pesos

The value or exchange rate of the Mexican Peso compared to another currency, typically reflecting the strength of the Peso in the foreign exchange market.