underlying the contract during the 30-day cancellation period, cancellation during that
period entitles the owner to a refund of:
They are purchased by those who are worried about outliving their savings.
They are not suitable as short term investments.
They may be used as a life insurance settlement option. - ✔️✔️All of the following are
true regarding annuities
Group (Life Insruance) - ✔️✔️Which of the following would not be considered to be
ordinary life insurance?
They are not guaranteed
They are legally defined as a return of premium and are not taxable
They are paid out of the insurer's accumulated surplus - ✔️✔️All of the following are true
regarding dividends paid by a mutual life insurance company
Renewable - ✔️✔️Which type of term life insurance has a level face amount but a
premium that increases each year as the insured gets older?
2
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