Which of the Following Statements About the Change of Plan

question 15

Multiple Choice

Which of the following statements about the change of plan provision in a life insurance contract is (are) true?
I.A change to a lower premium policy results in a refund of the difference in the cash values of the two policies.
II.A change to a higher premium policy requires evidence of insurability.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

REM Sleep

A phase of sleep characterized by rapid eye movement, during which vivid dreams commonly occur.

NREM Sleep

Non-Rapid Eye Movement sleep, characterized by slower brain waves, minimal dreaming, and deep physical relaxation; constitutes the majority of sleep time.

N2 Sleep

A stage of non-REM sleep characterized by sleep spindles and K-complexes, representing a deeper sleep than N1 and precedes the even deeper N3 sleep stage.

N1 Sleep

N1 sleep, or stage 1 sleep, is the initial phase of the sleep cycle, characterized as the transition from wakefulness to sleep, marked by reduced muscle activity, slowed breathing, and heart rate, and is typically brief.