For purposes of annual budgeting, it is better to
A)
express goals very broadly to allow for flexibility.
B)
ignore goals altogether and focus instead on savings.
C)
express income goals concretely and expense goals broadly; this usually assures adequate savings.
D)
express all goals concretely, which then reduces all goals to yearly consumption and savings targets.
D
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If a deceased is survived by no issue, to determine the closest relatives, each relationship is assigned a number called a:
a. degree of kindred b. coparcener c. distribution d. distribution
What are the risks associated with term insurance policies?
A) You may need to have insurance coverage past the term expiration date. B) The cash value does not earn a decent return. C) The renewal premium may be cost prohibitive. D) Both A and C are correct.