INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 99

Essay

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-Four years after Ralph had purchased life insurance,he committed suicide.His beneficiary [will | will not] be able to collect the face value of this policy due to the incontestability clause.

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Definitions:

Disposable Income

The financial resources that households have at their disposal for spending and saving after income tax deductions.

Savings

Money set aside for future use rather than spending immediately, often in accounts designed for long-term growth or security.

Disposable Income

Post-tax income households possess for saving or spending purposes.

Disposable Income

Disposable income refers to the sum of money that families can use for expenditures and savings once income taxes are deducted.