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Home Q & A Board Other Fields Homework Help Business Insurance
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AzJose AzJose
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7 years ago
Which of the following statement is true regarding return of premium term insurance?
A) The insurance is free because premiums are refunded at the end of the coverage period.
B) Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision.
C) The return of premium is only offered on one-year term insurance policies.
D) The coverage is expensive and is not free when time value of money is considered.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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7 years ago
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