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:

Psychosexual Development

Psychosexual development is a Freudian concept referring to a series of developmental stages from childhood to adulthood, where pleasure shifts from one body area to another, significantly shaping personality.

Psychosexual Stages

Freudian theory stages through which a child's personality develops, including the oral, anal, phallic, latency, and genital stages.

Anal Stage

The second stage of psychosexual development, when gratification is attained through anal activities.

Melancholic

Relating to or suffering from melancholy, a profound state of sadness or depression.