A policyowner stops paying premiums on a whole life policy with an accidental death benefit and exchanges the policy for extended term insurance. Which of the following statements pertaining to this situation is NOT correct?
A) The policyowner will have continued protection for a limited period of time.
B) There will be no accidental death benefit with the new policy.
C) The term policy has no cash value.
D) The term policy will have a reduced face value."
Answer: D) The term policy will have a reduced face value."
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The cost management plan includes
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Jasmine wants to become head of her department. Although she will be greatly compensated if she achieves this aim and will gain control over many subordinates, the main reason she is pursuing this position is that she thinks she can do the job better
than anyone else and wants people to know this. According to the McClelland's theory of needs, which of the following needs primarily drives Jasmine in this case? A) the need for stability B) the need for achievement C) the need for growth D) the need for affiliation E) the need for power