What Major Feature Distinguishes a Participating Policy from a Nonparticipating

question 3

Multiple Choice

What major feature distinguishes a participating policy from a nonparticipating policy?

• A)the availability of a waiver-of-premium provision
• B)the existence of settlement options
• C)the payment of dividends
• D)the method by which beneficiaries can be named

---

Definitions:

Sheet Music

Sheet music is a written representation of music, using musical symbols and notes on staves, which musicians read to perform pieces.

Vocational School

An educational institution designed to provide vocational education, or technical skills required to perform the tasks of a particular and specific job.

Clerk

An employee who performs clerical work such as keeping records, filing, and other administrative tasks.

Prestigious Name

A name that carries high status or respect, often associated with excellence in a particular field.