Question
25. For the policy describe in question 24. Ignoring non-claim expenses, what would be the policys expected balance (i.e., value or expected amount of money
25. For the policy describe in question 24. Ignoring non-claim expenses, what would be the policys expected balance (i.e., value or expected amount of money in this account) equal after one year?
a. $378.08
b. $393.64
c. $496.99
d. $515.81
e. None of the above
26. In comparing the differences in cost between two life insurance contracts
a. Dividends cannot be guaranteed and should be disregarded.
b. One can usually assume that you get what you pay for.
c. Nonparticipating policies are always cheaper in the long run.
d. Participating policies are always cheaper in the long run.
e. None of the above.
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