With decreasing term insurance
A) the premiums remain constant, but the face amount of the policy declines.
B) the premiums decline, and the face amount of the policy declines.
C) the premiums remain constant, and the face amount of the policy remains constant.
D) the premiums decline, and the face amount of the policy increases.
Answer: A
You might also like to view...
Proceeds from the sale of investments in common stock accounted for by the equity method would be classified into which of the following sections of the statement of cash flows?
a. Operating b. Investing c. Financing d. Non-cash item
____ seeks to optimize the links between suppliers, manufacturing, distribution, and customers
a. Just in time (JIT) b. Material requirement planning (MRP) c. Enterprise resource planning (ERP) d. Supply chain management (SCM)