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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GradeMaster1
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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...
Exam (elaborations)
Exam (elaborations) FINANCE 390 FINANCE 341 Sample Final Exam with answers
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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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