Which of the following statements about second-to-die life insurance i
Which of the following statements about second-to-die life insurance is (are) true?
I. The insurance is a form of endowment coverage.
II. The premium is lower than the combined cost of purchasing a life insurance policy on each insured.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: B
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