Question

Which one of the following statements is true about reduced paid-up insurance? A. It continues for 20 years. B. It buys protection with paying new premiums. C. It results in a face amount less than the original amount. D. It means the original face amount is continued for a certain number of years.

Name: which one of the following statements is true about reduced paid up insurance a it continues for 20 years b it buys protection with paying new premiums c it results in a face amount less tha 73743
Uploaded: 2022-05-15T00:07:51-08:00
Duration: 39 s
Channel: Karl Zipple
Description: which one of the following statements is true about reduced paid up insurance a it continues for 20 years b it buys protection with paying new premiums c it results in a face amount less tha 73743

          Which one of the following statements is true about reduced paid-up insurance?
A. It continues for 20 years.
B. It buys protection with paying new premiums.
C. It results in a face amount less than the original amount.
D. It means the original face amount is continued for a certain number of years.

Added by Nicol-S L.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Karl Zipple

05/15/2022

Step 1

Step 1: Reduced paid-up insurance is when the policyholder stops making premium payments and the policy continues with a reduced face amount. Show more…

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Which one of the following statements is true about reduced paid-up insurance? A. It continues for 20 years. B. It buys protection with paying new premiums. C. It results in a face amount less than the original amount. D. It means the original face amount is continued for a certain number of years.