Amy Purchased a Life Insurance Policy with the Intent of Committing

question 41

Multiple Choice

Amy purchased a life insurance policy with the intent of committing suicide to pay all the debts that were burdening her family. If she commits suicide 9 months after the policy is purchased, and the insurer is able to prove that her death was a suicide, how much will be paid by the insurance company?

• A) nothing, because the policy is void
• B) the premiums paid for the policy
• C) the policy's cash value
• D) the face value of the policy

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Definitions:

Individual Unique

Pertains to the distinct characteristics or qualities that differentiate one person from another.

Agreeableness

A personality trait in psychology that describes an individual's tendency to be kind, cooperative, and sympathetic towards others.

Big Five Personality Traits

A model outlining five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Good-Natured, Cooperative, Trusting

Describes an individual or group character that is friendly, willing to work together, and has confidence in the reliability of others.