A generic brochure was developed by the ________ to assist prospective buyers of life insurance, which includes descriptions of all the basic types of life insurance and comparisons of their relative costs.A. NAICB. FINRAC. FIOD. SEC
NAIC
The correct answer is A. NAIC (National Association of Insurance Commissioners) is the organization that developed a generic brochure to guide prospective buyers of life insurance. This brochure includes detailed information on various types of life insurance, their features, benefits and costs, and it aims to help customers make informed decisions while purchasing life insurance policies. The brochure also helps insurance agents and brokers in explaining terms and conditions to their clients.
More Answers:
Insights into Surplus Lines Brokers: Their Role in Providing Coverage for High-Risk or Unique RisksUnderstanding Tax-Deferred Account Transfers: Section 1035 Exchange vs. IRA Rollover vs. Partial Surrendering and More
Understanding Perils in Insurance: Types, Coverage, and Exclusions
Error 403 The request cannot be completed because you have exceeded your quota. : quotaExceeded