Which of the following is not included in a life insurance?The contract of indemnity is defined as, " A contract where one party promises to save the other from the loss caused by the conduct of the promisor himself or by the conduct of any other party." In a life insurance contract, nobody can save the life of the person. Hence, contract of indemnity does not apply here.
Which of the following is not a component of an insurance policy premium quizlet?Which of the following is NOT a component of determining policy premiums? Dividends are not a component when determining policy premiums.
Which of these provisions is not required in life insurance policies quizlet?Which of these provisions is NOT required in life insurance policies? Extended Term. All of these provisions must be included in life insurance policies EXCEPT Extended Term.
Which of the following lists the three common types of permanent individual life insurance?Whole life or permanent insurance pays a death benefit whenever the policyholder dies. There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and there are variations within each type.
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