A Life Insurance Policy with a Small Face Amount Where

question 49

Multiple Choice

A life insurance policy with a small face amount where the premium may be collected weekly by agents is termed:

• A) credit life insurance.
• B) mortgage life insurance.
• C) industrial life insurance.
• D) special-purpose insurance.
• E) group life insurance.

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Definitions:

Embezzlement

The act of wrongfully appropriating funds that have been trusted to one's care but are owned by someone else.

Bank Teller

A bank employee who handles withdrawals, deposits, and other transactions directly with the customers.

False Pretense

The illegal obtaining of another’s property by making a materially false representation of an existing fact, with knowledge of the falsity of the representation and with the intent to defraud.

Magazine Subscriptions

Agreements to receive or deliver a magazine periodically, typically in exchange for a subscription fee.