Explain Why There Is a Savings Element to a Whole

question 36

Essay

Explain why there is a savings element to a whole life insurance contract.

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Definitions:

Behaviorally Anchored Rating Scales (BARS)

A performance appraisal method that rates behavior in terms of a scale showing specific examples of employee actions that represent various levels of performance.

Performance Appraisal

A regular review of an employee's job performance and overall contribution to an organization.

Behavior-Based Interview

An interviewing technique that focuses on how the interviewee acted in specific situations in the past, on the premise that past behavior is the best predictor of future behavior.

Future Work Performance

Future work performance pertains to an individual's or a group's projected effectiveness, productivity, and accomplishments in their professional tasks going forward.