According to Your Textbook,the Average Benefit Paid Under a Hospital

question 3

Multiple Choice

According to your textbook,the average benefit paid under a hospital indemnity policy:

• A)is almost always excellent buys.
• B)should be purchased at an early age.
• C)does not justify the premium cost.
• D)should be purchased only by older people.
• E)is meant for couples with two or three children.

---

Definitions:

Defective Incorporation

A legal term referring to the situation where a company has been incorrectly or incompletely formed, potentially affecting its legal status and liabilities.

Personal Liability

The legal responsibility of an individual to settle debts or damages out of their own assets.

Gross Revenues

The total amount of money earned by a business before any deductions or expenses are subtracted.

Indirectly Own Stock

Holding shares in a company through indirect means, such as owning a mutual fund or an exchange-traded fund that in turn owns the stock.