QUESTION 11

1. With the extended term Nonforfeiture option, the length of the term depends on the face value of the original policy.

True

False

QUESTION 12

1. Policyowner may use the life insurance policy as a collateral of a loan

True

False

QUESTION 13

1. An agent is permitted to make changes in a policy at the request of a policyowner.

True

False

QUESTION 14

1. Assumed interest rate doesn't affect the annuitant's longevity. Therefore, it has no impact on the premium amount.

True

False

QUESTION 15

1. The policy loan is a loan taken out by the policyowner and therefore the beneficiary need not repay the policy loan.

True

False

QUESTION 16

1. The own occupation definition of total disability is more liberal than the any occupation definition.

True

False

QUESTION 17

1. The younger the annuitant's attained age when annuity starts to pay, the higher premium of the annuity will be.

True

False

QUESTION 18

1. No futher premiums is needed with reduced paid-up insurance Nonforfeiture option.

True

False

QUESTION 19

1. For indeterminate premium policies, the premium is lower at the beginning of the policy period and higher in the later periods.

True

False

QUESTION 20

1. Family maintenance policy combines level term insurance with a permanent policy.

True

False