Introduction to Financial Accounting
Polthava University Of Economics And Trade
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Exam (elaborations) introduction to financial accounting
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---15mei 20222021/2022A+
- Financial Planning and Insurance 
Final Exam Study Guide 
Multiple Choice 
Chapter 1: Introduction to Life Insurance 
1. All of the following are advantages of life insurance except: 
a. Guaranteed payout 
b. Proceeds not probated 
c. Cost of coverage reduces disposable income 
d. Generally not subject to federal income tax 
2. Which of the following is not a standard provision in a typical life insurance policy? 
a. a provision explaining the insured’s right to assign the policy 
b. a provis...
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