Question
14 When might paying an insurance premium become an issue for most people? A. When the conversion rate from Euro to American Dollars prohibits a
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When might paying an insurance premium become an issue for most people?
A. When the conversion rate from Euro to American Dollars prohibits a foreign exchange transaction.
B. When the amount of coverage rises to upwards of $1 million, if one lump sum is required to be paid upfront.
C. When the terms of the insurance policy are too confusing to abide by, and clients forego following a premium payment schedule.
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Uninsured motorist coverage only pays for damages incurred when another driver is at fault and does not have insurance and you know who they are. True
False
- Whatarepeopleabletodoiftheyarenotabletopaytheirpremiumin1lumpsum?
A. Theyforegobeinginsuredasthereisnoalternativeoptionforpremiumpayments.
B. Theydecidethatitsbesttoasktheirbeneficiaryforthemoneytopaythepremiums.
C. Theybreakuptheirpremiumintoannualpayments,whichrequiresannuitycalculationstodetermine.
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