Enterprise applications introduce switching costs

An employee has lost access to their group term life insurance plan, but they are allowed to convert to a new plan. Which best describes this new plan?

A. The new policy will be term life. The employee pays all premiums. B. The new policy will be term life. The employer will pay a portion of the cost. C. The new policy will be cash value. The employer will pay a portion of the cost. D. The new policy will be cash value. The employee pays all the premiums

Event risks often cause sudden and unanticipated changes in financial market conditions.

a. true b. false