Multiple Choice
_____________ insures two lives under one policy. Death benefits are paid to the surviving insured. The surviving insured usually has the option of purchasing an individual whole life policy of the same face amount without providing evidence of insurability.
A) Joint whole life policies
B) First-to-die policies
C) Modified premium whole life policies
D) A & B are one and the same category
Correct Answer:
Verified
Correct Answer:
Verified
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