Return-Of-Premium Term Pays Out All Premiums Plus Interest to a Beneficiary

question 87

True/False

Return-of-premium term pays out all premiums plus interest to a beneficiary.

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Definitions:

Sole Proprietorships

A type of business entity owned and operated by one individual, without any legal distinction between the owner and the business.

Partnerships

A legal form of business operation between two or more individuals who share management and profits.

Bankruptcy Filing

The legal process undertaken by individuals or businesses that cannot meet their financial obligations, to seek relief from some or all of their debts.

Creditors

Individuals or institutions that lend money or extend credit, expecting repayment in the future under agreed terms.