Which of the Following Statements Is True of the Suicide

question 51

Multiple Choice

Which of the following statements is true of the suicide clause in a life insurance?

• A) The insurer is liable to pay in cases of legitimate suicides even if the life insurance policy had elapsed.
• B) The suicide clause has a specified date set.
• C) The insurer doesn't have to pay the beneficiary even if the suicide takes place after the specified date.
• D) The suicide has to occur within the specified date for payment.

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Definitions:

Product Line

A group of closely related products that are treated as a unit because of similar marketing strategy, production, or end-use considerations.

Bonds

Debt instruments that larger companies sell to raise long-term funds.

Preferred Stock

A special type of stock whose owners, though not generally having a say in running the company, have a claim to profits before other stockholders do.