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Which of the Following Statements About Endowment Insurance Policies Is

question 33

Multiple Choice

Which of the following statements about endowment insurance policies is (are) true?
I.The face amount is paid if the insured dies during the policy period or at the end of the policy period if the insured is still alive.
II.The use of endowment insurance has increased in recent years because of its favorable tax treatment.

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Definitions:

Rational Emotive Behavior Therapy (REBT)

Cognitive behavioral therapy in which clients are directly challenged in their irrational beliefs and helped to restructure their thinking into more rational belief statements.

Magnification

In cognitive psychology, a distortion involving exaggerating the importance or significance of events, often seen in anxiety and depression.

Minimization

A defense mechanism where the individual downplays the significance or impact of an event or emotion.

Contingency Contracting

A behavioral intervention technique involving a written agreement between a client and a counselor specifying a behavior to be changed and the consequences that follow as a result.

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