A life insurance policy that contains a guaranteed interest rate with the chance to earn a rate that is higher than the guaranteed rate is called
A) whole life
B) group life
C) credit life
D) universal life
Answer: D) universal life
Business
You might also like to view...
In San Francisco, the typical pay in the installation, maintenance, and repair occupation exceeded the national average by 44 percent. In Johnstown, Pennsylvania, the rate was 9 percent less than the national average. What do these statistics represent?
A) capital intensity effects B) pay rate differentials C) interindustry wage differentials D) relative pay differentials
Business
What is the one aspect of volatility that is assumed in the Black-Scholes model and why might that assumption be in error?
What will be an ideal response?
Business