1. A disability income insurance policy on which premiums are paid weekly must have a grace period of
at least seven days.
ten days.
thirty-one days.
there is no grace period on weekly premium policies.
2. Which of the following annuities paying a $100 monthly benefit would have the greatest purchase price?
a single-life annuity purchased by a female age 65.
a single-life annuity purchased by a male age 65.
a single-life annuity with cash refund purchased by a female age 65.
a single-life annuity with cash refund purchased by a male age 65.