33) When a policy matures on the death of the insured , it is called as: None of theseWhole life policyWithout profit policyWith profit policy

Whole life insurance policy it represents a contract between the insured and insurer that as long as…

Answered: 33) When a policy matures on the death…

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33) When a policy matures on the death of the insured , it is called as

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 10MCQ

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Question

33) When a policy matures on the death of the insured , it is called as:

None of these
Whole life policy
Without profit policy
With profit policy

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