Major Factors That Must Be Considered in Determining the Cost

question 35

Multiple Choice

Major factors that must be considered in determining the cost of life insurance include all of the following EXCEPT

• A)time value of money.
• B)premiums paid.
• C)settlement options.
• D)dividends.

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Definitions:

Ultraviolet Radiation

Electromagnetic radiation with a wavelength shorter than that of visible light, but longer than X-rays.

Ozone

A reactive form of oxygen consisting of three oxygen atoms (O3), found in the Earth's stratosphere, it plays a crucial role in absorbing most of the sun's harmful ultraviolet radiation.

Boundary Conditions

Constraints or limits that define the state or parameters for a particular system or problem.

Climate Computer Model

A computational program that simulates the Earth's climate systems to predict future climate changes based on various scenarios of greenhouse gas emissions.