Of the following, which best describes a need that decreasing term insurance is often used to meet?
A) Providing long-term coverage at a reasonable premium
B) Providing funds to pay off an outstanding loan at a reasonable premium
C) Providing funds for final expenses at a reasonable premium
D) Providing funds to pay off an outstanding loan at a high premium"
Ans: B) Providing funds to pay off an outstanding loan at a reasonable premium
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Which of the following is true of globalization?
a. It expands economic freedom and increases the living standards of people. b. It relies on strong government regulations to keep down prices. c. It fails to offer access to advanced technology in less developed countries. d. It makes it easier for governments to abuse the freedom and property of their citizens.
When a buyer assumes an existing loan, the assumption on the closing statement is shown as:
a) a debit to the buyer b) a credit to the seller c) both a) and b) d) neither a) nor b)