A firm is evaluating the best means to have a positive impact on potential buyers; which one of the four P's is the firm addressing?

Charles is the sole beneficiary of his late uncle's life insurance policy. The face value of the policy is $785,000. Charles has decided to accept annual annuity payments of $95,000. The interest rate on the policy is 5%

How many annual payments will Charles receive from this policy? A) 7.08 years worth of payments B) 8.26 years worth of payments C) 10.92 years worth of payments D) None of the above

Choose the option(s) available in the nonforfeiture clause of a cash-value life policy

A) Exchange the policy for a paid-up term policy of equal face value. B) Receive the policy's cash value. C) Retain rights to a death benefit. D) Exchange the policy's cash value for a paid-up policy with a reduced face value. E) A, B, and D above