Homework Answers
Hi
38) We will solve only 1 question as per policy.
A person or individual who purchases an insurance policy is called as insured or a policyholder.
Hence option B policyholder is correct option here.
Thanks
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38) - JULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the...
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What is the purpose of a life annuity? O Provide property insurance for as long as the property is owned by the policyholder O Spread insurance payments out over a lifetime (as a way to deal with cash flow constraints) O Provide health insurance for a lifetime O Provide income to protect longevity (risk of outliving one's resources) Which of the following statements about the personal umbrella liability policy is INCORRECT? O The umbrella policy will cover damage to the...
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