FINANCE 390 FINANCE 341 Sample Final Exam with answers
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Exam (elaborations) FINANCE 390 FINANCE 341 Sample Final Exam with answers
- Exam (elaborations) • 15 pages • 2021
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- $15.49
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Chapter 1: Introduction to Life Insurance 
1. All of the following are advantages of life insurance except: 
a. Guaranteed payout 
b. Proceeds not probated c. Cost of coverage reduces disposable income 
d. Generally not subject to federal income tax 
2. Which of the following is not a standard provision in a typical life insurance policy? 
a. a provision explaining the insured’s right to assign the policy b. a provision permitting the insurer to cancel the policy at any time if the insured ind...
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