What is the major distinction between the concepts of personality and lifestyle?
What will be an ideal response?
• Personality refers to a person's unique psychological makeup and how it influences the way a person responds in any particular environment.
• Lifestyle refers to a pattern of consumption reflecting a person's choices of how he or she spends time and money. It is the intersection of the person, products, and settings.
• Personality helps establish lifestyle because it defines the person and partially determines how a person behaves in a given setting. The concept of personality is larger than the concept of lifestyle, which is dependent upon externals such as the products that are available and the difference of settings.
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In a defined contribution plan, the employer's contribution is optional
Indicate whether the statement is true or false
The settlement option that provides for ongoing payments for a period of time is called
A) an annuity. B) a reverse premium. C) a premium payout. D) an annual premium.