MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Debbie owns a clothing store. She is concerned that a customer who is injured in the store will sue. Which type of insurance should Debbie purchase?
A
Social insurance
B
Life insurance
C
Surety bonds
D
Liability insurance
Explanation: 

Detailed explanation-1: -Juvenile insurance may be sold with a payor benefit rider, which provides for waiving future premiums on the child’s policy in the event of the death of the person who pays the premium.

Detailed explanation-2: -Variable policies are considered securities contracts because of investment risks. Variable life insurance is often more expensive than other life insurance products, like term life.

Detailed explanation-3: -Which type of life insurance is normally associated with Payor Benefit rider? Juvenile Insurance. A Payor Benefit Rider waives the premium ONLY in connection with juvenile insurance.

Detailed explanation-4: -Term life insurance guarantees payment of a stated death benefit to the insured’s beneficiaries if the insured person dies during a specified term.

There is 1 question to complete.