A form of electronic transaction formats that facilitate delivery of added value is the _______ which is a hosted, though unmoderated, cyber forum where users exchange information about a particular product or service, technology, or industry

With regard to insurance, risk can be defined as

A) uncertainty regarding financial gain B) certainty regarding loss C) certainty regarding financial gain D) uncertainty regarding loss"

Mark purchased a 20-year $100,000 level term life insurance policy and a $250,000 straight whole life insurance policy. Which of the following statements is CORRECT?

A) Premiums for both policies are set at the time of policy issue and remain level throughout the term of the policies. B) If Mark takes a loan from either policy that is still outstanding when he dies, the amount of the loan plus interest due will be subtracted from the death benefit. C) Mark can take a policy loan from either policy, provided the loan is paid back within the 20-year period. D) The whole life insurance policy will mature when Mark reaches age 65; the term life insurance policy will expire in 20 years."