Question 4010 of 303 · California Life-Only Agent Exam
A creditor generally has an insurable interest in the life of
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 4010
- C: a debtor, to the extent of the debt
Explanation
A creditor's interest is limited to the amount owed and related costs. This is why credit life is limited to the loan balance.
More questions: Life Insurance Basics
- 4011A mortality table shows
- 4012The statement that life insurance creates an immediate estate means that
- 4013A limit of liability in a life insurance policy refers to
- 4014Which method of risk management applies when a family purchases life insurance on the breadwinner?
- 4015The personal insurance planning process begins with
- 4016Split dollar life insurance is an arrangement in which