If a policyowner purchases a $250,000 single premium whole life insurance policy and needs additional funds for retirement 6 months later,
A) he can draw on the cash value to supplement his retirement income
B) he can take a loan from the policy to supplement his retirement income but must repay it within 1 year
C) he can take a withdrawal but not a loan from the policy
D) he cannot access the policy's cash value because there has not been enough cash value accumulation buildup in the policy"
Answer: A) he can draw on the cash value to supplement his retirement income
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Chasm refers to the large gap between the late majority and the laggards
Indicate whether the statement is true or false
In the Republic of Cedia, people are extremely conscious about their social backgrounds. This in turn regulates their relationships with members of other classes. As a result of the heightened class consciousness:
A. the mobility between the social classes of the Cedian society will increase. B. the level of industrial disruption and industrial disputes will be low. C. most of the population will perceive itself to be middle class. D. an antagonistic relationship will exist between management and labor classes. E. successful individuals, irrespective of their origins, will be highly respected.