Which of the following statements about home service life insurance, which evolved over time from a type of life insurance called industrial life insurance, is true?

Insurance

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Which of the following statements about home service life insurance, which evolved over time from a type of life insurance called industrial life insurance, is true?

A) Most policies have a face value exceeding $100,000.

B) Premiums are usually not collected at the insured’s home and are remitted directly to the agent or the insurer.

C) Industrial life insurance is group term insurance coverage marketed to employees at the work site.

D) This popular product accounts for over 40 percent of the life insurance sold today.

Answer: B) Premiums are usually not collected at the insured’s home and are remitted directly to the agent or the insurer.

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