1 - Basic Principles of Life and Health Insurance

1 - Basic Principles of Life and Health Insurance and Annuities Policy Premiums and Beneficiaries What type of policy has a level premium throughout the term of the contract? Options: a. Level premium policy; b. Decreasing premium policy; c. Increasing premium policy; d. Variable premium policy Answer: a. Level premium policy Which type of beneficiary cannot be changed without consent? Options: a. Revocable beneficiary; b. Irrevocable beneficiary; c. Primary beneficiary; d. Secondary...