Which of the Following Statements About Second-To-Die Life Insurance Is

question 2

Multiple Choice

Which of the following statements about second-to-die life insurance is (are) true?
I.The insurance is a form of endowment coverage.
II.The premium is lower than the combined cost of purchasing a life insurance policy on each insured.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Sales Manager

A professional responsible for directing and overseeing a team of salespeople, setting goals, and developing strategies to increase sales performance.

Forced Distribution

A performance management system where employees are ranked in accordance with a pre-determined distribution curve.

Multiple Rater System

A feedback system typically used in performance assessments where several evaluators provide input on an individual's performance.

Effective Appraisal

The process of evaluating an employee's job performance in a constructive manner, aiming to encourage professional growth and improve future performance.