Decreasing term insurance could be recommended for all of the following EXCEPT
A) for protection while a business loan is outstanding
B) to build a retirement fund
C) for mortgage protection
D) to protect a family while children are growing up"
Ans: B) to build a retirement fund
You might also like to view...
Each accounting period, Harris Company Department Store charges a bookkeeping account for its estimated shoplifting losses. The method that Harris Company Department Store uses to fund its retained shoplifting losses is a(n)
A) private insurance policy. B) captive insurer. C) credit line. D) unfunded reserve.
The cash conversion cycle is the net period from the start of cash outflow for producing a product or service until the associated cash inflow materializes from the sale of that product or service
Indicate whether the statement is true or false.