Management Notes

Management Notes

Reference Notes for Management

y purchased $100 000

Y purchased $100,000 worth of permanent protection on himself and $50,000 worth of 10-year Term coverage for his wife on the same policy. Which of these policies did Y purchase?

by
Y purchased $100,000 worth of permanent protection on himself and $50,000 worth of 10-year Term coverage for his wife on the same policy. Which of these policies did Y purchase?

Y purchased $100,000 worth of permanent protection on himself and $50,000 worth of 10-year Term coverage for his wife on the same policy. Which of these policies did Y purchase?

 Options:

  1. Endowment with Extended Term
  2. Endowment with a Payor Benefit
  3. Whole Life policy with an Other Insured Rider
  4. Family Income Policy

The Correct Answer Is:

  • B) Whole Life policy with an Other Insured Rider

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