All of the Following Statements About an Ordinary (Whole) Life

question 20

Multiple Choice

All of the following statements about an ordinary (whole) life insurance policy are true, except:

• A) Premiums can be level throughout the policy period.
• B) The face amount is paid if the insured lives to age 65.
• C) There is a buildup of cash value that can be borrowed by the policyholder.
• D) It can fulfill the insured's death protection AND saving needs.

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Definitions:

Matrix Structures

An organizational structure that assigns specialists from different functional departments to work on one or more projects.