A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an example of a
A) level-term policy.
B) modified life policy.
C) limited-payment whole life policy.
D) variable life policy.
Answer: B
Business
You might also like to view...
Which of the following best represents the chief advantage of pursuing a strategy of multiple segment specialization?
A) It makes the company almost bulletproof to competitors' actions. B) It diversifies the firm's risk. C) It creates synergy between markets. D) It is a low-cost strategy. E) It treats all buyers the same and, therefore, lowers promotion costs.
Business
The boom era for federal administrative agencies was during the Great Depression
and ______. Fill in the blanks with correct word
Business