All of the Following Statements About Ordinary Life Insurance Are

question 59

Multiple Choice

All of the following statements about ordinary life insurance are true EXCEPT

• A)Premiums are level throughout the policy period.
• B)The face amount of the policy is paid if the insured lives to age 65.
• C)There is a build-up of cash value that can be borrowed by the policyholder.
• D)It offers the policyholder the flexibility to meet a wide variety of financial objectives.

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Definitions:

Accounts Receivable

Money due to a company from its clients for products or services that have been delivered or used but not yet paid for.