Which of the following provisions helps to keep a life insurance policy in force if the

premium is not paid by the due date?

a$.$ payment of premium provision

b$.$ free$-$look provision

c$.$ incontestability provision

d$.$ grace period provision

Mary, Tom, and Joe are equal partners in a publishing business. How many life insurance

policies normally would be required to insure a cross$-$purchase buy$-$sell agreement?

a$.3$

b$.6$

c$.9$

d$.12$

Which type of insurance policies pay dividends to policyowners?

a$.$ accumulation policies

b$.$ net payment policies

c$.$ premium$-$sharing policies

d$.$ participating policies