Which of the Following Is True

question 42

Multiple Choice

Which of the following is true?

• A) The life insurance grace period gives the insured two months during which to correct any misinformation supplied in the application for coverage.
• B) If the insured misstates his/her age on a life insurance application, the insurer has grounds for voiding the contract.
• C) The purpose of the beneficiary clause in life insurance is to enable the policy owner to designate to whom the proceeds shall be paid when the insured dies.
• D) The life insurance assignment clause requires that the policy owner get the insurer's consent before assigning policy ownership to someone else.

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Definitions:

Corporate Goals

The strategic objectives set by a company to guide its direction and measure its success, often focusing on growth, profitability, and market share.

Senior-Level Managers

Executives and high-level managers responsible for making strategic decisions and overseeing the entire organization or major parts of it.

Alignment

Alignment in a business context involves ensuring that various aspects of an organization's operations, such as its strategy, goals, and activities, are coherent and support each other in achieving the organization's objectives.

Performance Data

Information related to the execution, outcomes, and efficiency of tasks by individuals or systems.