Question

P owns a $25,000 life policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. what kind of policy does p own?

Answer 1

The kind of policy that p owns is D) Endowment at Age 70.

The 4 types of regulations include Public policy, Organizational policy, practical policy, and particular policy. Coverage refers to a direction of motion proposed through an agency or man or woman.

A coverage set up and finished by using the authorities is going thru numerous degrees from inception to end. these are timetable construction, formula, adoption, implementation, evaluation, and termination. Before a policy may be created, trouble should exist that is known to the attention of the authorities.

Organizational Policies, These refer to the overall policies of the organization:

• Functional Policies
• Originated Policies.
• Appealed Policies.
• Imposed Policies.
• General Policies.
• Specific Policies.
• Implied Policy.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question:P owns a $25,000 Life Policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own?

A)Straight Life

B)Modified Life

C)Whole Life Paid-Up at Age 70

D)Endowment at Age 70

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