Winnie is insured under a life insurance policy. She designates "all natural children of the insured" as beneficiaries in her life insurance policy. Which of the following phrases best describes this type of beneficiary designation?

The pricing objective during the maturity stage of the product life cycle should be long-term

survival. Indicate whether the statement is true or false

For a utility function that exhibits decreasing martingale utility, the martingale utility is high when:

A) Consumption and utility are low B) Consumption and utility are high C) Consumption is low and utility is high D) Consumption is high and utility is low