In general, foreign-pay bonds provide ________ rates of return and ________ diversification effects for U.S. investors

Great Britain has epitomized distribution through specialty-type middlemen, distributors, wholesalers, and retailers. In recent years, however, there has been a trend toward broader lines, conglomerate merchandising, and mass marketing. This suggests that a firm that neglects the growth of self-service, scrambled merchandising, or discounting may find that it has lost large segments of its market only because its channels no longer reflect the ______________ of the market.

A. cost B. capital requirement C. character D. continuity E. control

All of the following statements about life insurance policy illustrations and the senior market are correct, except:

A. Guaranteed elements must be emphasized in bold print. B. To be understandable, policy illustrations must follow certain formats so the insured can make informed buying decisions. C. Illustrations must note that they are only an illustration. D. The illustration will note that both guaranteed and non-guaranteed elements will remain unchanged for the years illustrated.