Identify Which of the Following Statements Is False

question 66

Multiple Choice

Identify which of the following statements is false.

• A)The interpolated terminal reserve is similar to a life insurance policy's cash surrender value.
• B)A gift occurs when the owner of an insurance policy irrevocably assigns all ownership rights in the policy to another.
• C)The payment of premiums on an insurance policy that is owned by another does not constitute a gift.
• D)The value of the gift of a life insurance policy is the amount it would cost to purchase a comparable policy on the date of the gift.

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Definitions:

Crystalline Rod

A solid material structured in a way that its atoms are arranged in a highly ordered, repeating pattern extending in all three spatial dimensions.

Flagella

Long, slender organelles that protrude from the cell body of certain cells, involved in movement and sensory functions.

Protists

Eukaryotic organisms that are not classified as animals, plants, or fungi, often unicellular or simple multicellular, including amoebas, algae, and protozoa.

Trypanosoma

A genus of parasitic protozoa known to cause diseases such as sleeping sickness in humans and animals.