Term life provides more death protection for each premium dollar than whole life insurance

Which of the following is true of a specialty product?

a. It is sold using aggressive personal selling as consumers do not seek out this type of product. b. It is widely distributed in a geographic area in order to sell sufficient quantities to meet profit goals. c. It is bought only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility. d. It is marketed using selective, status-conscious advertising that maintains its exclusive image.

A letter of credit is an instrument issued by a bank, or another person, at the request of an account party

Indicate whether the statement is true or false