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:

Clear Contents

The action of removing the data within a cell or range of cells in a spreadsheet without deleting the cells themselves.

Remove Hyperlink

The action of deleting a link embedded in a document or webpage, which typically directs users to another document or website when clicked.

Clear Contents

The action of removing or deleting the information within a selected area, leaving the area empty but intact.

Auto Outline

A feature in spreadsheet software like Microsoft Excel that automatically creates an outline of your data based on formulas, grouping data together for easy analysis and summary.