Which of the Following Statements Is (Are)true Concerning the Automatic

question 26

Multiple Choice

Which of the following statements is (are) true concerning the automatic premium loan provision?
I.Unlike other policy loans,interest is not charged on automatic premium loans.
II.The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing.

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

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Definitions:

Assignment

A task or piece of work allocated to someone as part of a job or course of study.

Intrinsic Motivation

The drive to engage in an activity for its own sake and personal rewards.

Performs Behavior

The act of carrying out actions or responses by an organism or individual in response to external or internal stimuli.

Pancreas

An organ in the digestive and endocrine system that secretes digestive enzymes and hormones, including insulin and glucagon.