Which of the Following Policy Features Allow the Insured to Increase

question 15

Multiple Choice

Which of the following policy features allow the insured to increase coverage periodically without showing proof of insurability?

• A) Multiple indemnity clause
• B) Guaranteed purchase options
• C) Disability clause
• D) Paid-up insurance option
• E) Extended-term option

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Definitions:

Sales Quota

A specific sales target set for a marketing or sales team or individual within a certain time frame to motivate performance.

Specific Goals

Clearly defined, measurable, and achievable objectives that a person or organization aims to accomplish within a set timeframe.

Sales Team

A group of individuals working together to sell products or services, often targeting specific markets or customer segments.

Purchasing Coach

A professional advisor who guides individuals or businesses in making informed buying decisions.