How is variable life different from universal life and term insurance? Who is it best suited for?
What will be an ideal response?
Answer: Like universal life, it has a cash value with flexible premiums and death benefits. Unlike universal life, the cash value and death benefit are tied to and vary according to the performance of a set of investments that are chosen by the policyholder. Term life in any of its forms has none of these features. Variable life is aimed at individuals who want to manage their own investments and are willing to take associated risks.
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Assurance refers to employees' willingness to help customers and their promptness in providing service.
a. true b. false
Negotiated transfer pricing is not always used because of each of the following reasons except that
a) negotiations often lead to different pricing strategies from division to division. b) opportunity cost is sometimes not determinable. c) market price information is sometimes not easily obtainable. d) a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations.