Carl Would Like to Purchase Life Insurance

question 45

Multiple Choice

Carl would like to purchase life insurance.He would also like to invest in a mutual fund.An agent told Carl about a form of life insurance in which Carl could select where the saving component is invested.This form of life insurance has fixed premiums and the cash value is not guaranteed.This type of life insurance is called

• A)universal life insurance.
• B)current assumption whole life.
• C)variable life insurance.
• D)indeterminate-premium whole life.

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Definitions:

Force-Field Analysis

A management technique developed by Kurt Lewin to analyze the forces for and against a change, helping to identify what needs to be modified for successful implementation.

Change Management

The systematic approach to dealing with change, both from the perspective of an organization and the individual, involving adapting to, controlling, and effecting change.

International American Credibility

The perception of the United States' reliability and trustworthiness on the global stage, affecting its ability to influence international affairs.