A Its premium steadily decreases over time, in response to its growing cash value. a) Conversion b) Decreasing Term c) Reduced Paid-up d) Extended Term. B) Probation period How much do I qualify to borrow? Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insureds beneficiaries when the insured dies. a The premiums on their policy will never increase. After a policy has lapsed, which provision allows the insured to continue coverage? Variable Whole Life Insurance can be described as. D) war, An insured individual and the policys beneficiary die from the same accident. D) Settlement options. A) Period of time after the initial premium is paid and before the policy is issued What action will the insurer take? D) Extended term rider, In a life insurance policy, the entire contract consists of, A) policy and conditional receipt d) The key employee is the insured. Which dividend option would an insurer invest the policyowners money and add any interest earnings as the dividends accrue? Amount of premium payments and when they are due. b. We also reference original research from other reputable publishers where appropriate. Deducted based on the income level. Which of these features would limit the insurers obligation in the event N was killed while flying as a student pilot? D) medical underwriting. What provision can Sheila add to her policy to address this concern? D) Waiver of premium, An endorsement found in an insurance plan which modifies the provisions of the policy is called a(n), A) attachment You have the following unadjusted trial balance for Rogers Corporation at December 31, 2019: RogersCoprorationUnadjustedTrialBalanceDecember31,2019\begin{array}{c} D) The benefit can be offered as a rider at a specific extra cost or may be at no cost, D) The benefit can be offered as a rider at a specific extra cost or may be at no cost. Suppose the first residual is 12.0(instead of 2.0 ) and the last residual is -11.0(instead of -1.0). D) Payor benefit. All of the following statements are true EXCEPT, A) Mikes policy will develop no cash value over the policys term P is the insured on a participating life policy. C) are limited by the face amount of the policy Which of these life insurance riders allows the applicant to have excess coverage?