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Thanh was recently diagnosed with an invasive form of pancreatic cancer and is expected to live only 6 months. Thanhs insurance policy has a built
| Thanh was recently diagnosed with an invasive form of pancreatic cancer and is expected to live only 6 months. Thanhs insurance policy has a built in terminal illness (TI) supplementary benefit. Which of the following correctly describes a feature of the TI supplementary benefit? |
| a) | it is paid to the beneficiary | |
| b) | it is received tax free | |
| c) | the maximum benefit is the face value | |
| d) | it does not impact the death benefit | |
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
