Bert purchased a life insurance policy 2 years ago. He inadvertently stated that he was 1 year younger than his actual age. If Bert dies today, how much will the insurance company pay? A) nothing B) less than the policy face value C) the policy face value D) more than the policy face value Explanation:

Which of the following is mandatory that the policyowner name in the application A) Exactly one primary beneficiary B) At least one primary beneficiary C) At least one primary beneficiary and at least one contingent beneficiary D) Exactly one primary beneficiary and at least one contingent beneficiary E) At least one irrevocable beneficiary Explanation: