Which of the Following Is Most Correct About the Guaranteed

question 59

Multiple Choice

Which of the following is most correct about the guaranteed renewable clause in an insurance policy?

• A)It guarantees you can renew your insurance up to a certain age.
• B)It guarantees you can renew your insurance up to a certain age without an increase in premiums.
• C)It guarantees you can renew your mortgage insurance at the end of the term.
• D)It guarantees you can renew your disability insurance at the same premium rate.

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Definitions:

Bandura

A psychologist known for his work on social learning theory, which emphasizes the importance of observing, modeling, and imitating the behaviors, attitudes, and emotional reactions of others.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism.

Cognitive Theory

A psychological approach that emphasizes mental processes such as perception, memory, and problem-solving as central to understanding behavior.

Information-Processing Approach

The information-processing approach is a cognitive framework that examines how humans encode, process, store, and retrieve information, similar to the operations of a computer.