QuestionAugust 25, 2025

Question 10 of 95 All of the following are true of the Survivorship Life policy EXCEPT A. The premium is based on the age of each insured. B. The premium would be lower than in a joint life policy. C. The death benefit is not paid until the last death. D. It can insure more than 2 lives.

Question 10 of 95 All of the following are true of the Survivorship Life policy EXCEPT A. The premium is based on the age of each insured. B. The premium would be lower than in a joint life policy. C. The death benefit is not paid until the last death. D. It can insure more than 2 lives.
Question 10 of 95
All of the following are true of the Survivorship Life policy EXCEPT
A. The premium is based on the age of each insured.
B. The premium would be lower than in a joint life policy.
C. The death benefit is not paid until the last death.
D. It can insure more than 2 lives.

Solution
4.7(231 votes)

Answer

A. The premium is based on the age of each insured. Explanation 1. Analyze Option A Survivorship life policies base premiums on joint ages, not individual ages. 2. Analyze Option B Premiums are generally lower than joint life policies because the benefit is paid at the last death. 3. Analyze Option C The death benefit is indeed paid after the last insured dies. 4. Analyze Option D Survivorship life can insure more than two lives.

Explanation

1. Analyze Option A<br /> Survivorship life policies base premiums on joint ages, not individual ages.<br />2. Analyze Option B<br /> Premiums are generally lower than joint life policies because the benefit is paid at the last death.<br />3. Analyze Option C<br /> The death benefit is indeed paid after the last insured dies.<br />4. Analyze Option D<br /> Survivorship life can insure more than two lives.
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