Which of the Following Statements About Second-To-Die Life Insurance Is

question 2

Multiple Choice

Which of the following statements about second-to-die life insurance is (are) true?
I.The insurance is a form of endowment coverage.
II.The premium is lower than the combined cost of purchasing a life insurance policy on each insured.

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

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, indicating the accuracy of the estimate.

Coefficient Of Correlation

A statistical measure that calculates the strength of the relationship between two variables, typically represented by the symbol r.

Square Root

A value that, when multiplied by itself, gives the original number, indicating the root of a number squared.