Which Statement Is False Regarding Switching Policies

question 160

Multiple Choice

Which statement is false regarding switching policies?

• A)An author noted that half of those who buy whole or universal life drop them within 10 years.
• B)The insurance industry is regulated by state insurance commissioners.
• C)Your need for life insurance coverage will change over time.
• D)A new life insurance policy will cost more as you get older.
• E)You will always be insurable if you switch policies.

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Definitions:

Successive Approximations

In operant conditioning, a series of behaviors that gradually become more similar to a target behavior.

Target Behavior

A specific behavior that is selected for change or intervention in a behavior modification program.

Systematic Desensitization

A behavioral therapy method used to gradually reduce anxiety by having the patient imagine a hierarchy of fears while practicing relaxation techniques.

Humanistic Therapies

A category of therapy that focuses on understanding the individual's experience and emphasizing personal growth.