Which of the Following Insurance Policies Continues for a Stated

question 28

Multiple Choice

Which of the following insurance policies continues for a stated period of time with the premiums increasing with the age of the insured?

• A)double indemnity
• B)term insurance
• C)annuity contract
• D)comprehensive insurance

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Definitions:

Shares Issued

The total number of shares that have been allocated to shareholders and company officers.

Paid-In Capital

This refers to the total amount of cash and other assets received from shareholders in exchange for stock.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate issues and receive dividends.

Treasury Stock

Refers to shares that were issued and later repurchased by the corporation, reducing the amount of outstanding stock on the open market.