Which of the Following Is an Advantage of Longevity Insurance

question 19

Multiple Choice

Which of the following is an advantage of longevity insurance?

• A)Death benefits are paid to a beneficiary if death occurs during the deferral period.
• B)The interest rate credited to the cash value is higher than what is earned on traditional life insurance.
• C)Monthly benefits begin at an advanced age when other assets are likely to have been depleted.
• D)The policyowner has unrestricted access to the funds during the deferral period through loans and cash withdrawals.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, used as an indicator of uncertainty or volatility.

Binomial Distribution

A probability distribution that describes the number of successes in a fixed number of independent trials, each with the same probability of success.

Probability Of Success

The likelihood of achieving a desired outcome or event in a specific trial or experiment.

N

Often denotes the size of a sample in statistical terms, representing the number of observations or data points.