Which of the following is false a when an agent makes

20. Which of the following is false?
a. When an agent makes a sales presentation, he has to sell confidence in the
product.
b. When an agent meets a prospect for the first, he has to sell confidence in
himself.
c. The primary job of an agent is to get people happily involved with the ownership
of his policy.
d. The job of an agent is to squeeze as much money as possible out of making a
new sale.
21. What will happen if the insured fails to pay the interest on a policy loan during its
policy anniversary?
22. If a policyholder changes his occupation without notifying the company, might it affect
the benefits under his policy?
23. If a policy owner wants to have a claim, what are his basic settlement options?
24. A businessman has arranged for a development loan which will be available 1 year
from now. Because he is unable to wait until then he has arranged an interim loan with
his bank. The only problem is that the bank wants loan secured against the risk of his
death. What is the best economic arrangement that you recommend?
a. Decreasing term

b. Interim term
c. Extended term
d. Yearly renewable term
25. In which circumstance does an insurance company has the right to rescind a policy?