Which of the Following Did NOT Occur in the Life

question 17

Multiple Choice

Which of the following did NOT occur in the life insurance industry during the most recent financial crisis?

• A)Low equity values reduced asset-based fees on separate account assets.
• B)Losses were incurred on holdings of commercial mortgage-backed securities and commercial loans.
• C)Asset-based fees declined on products such as variable annuities and pension fund assets that were tied to equity returns.
• D)Low interest rates and harsh economic conditions caused many policyholders to terminate or surrender their policies.
• E)Historically low interest rates caused increased demand for whole life policies.

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Definitions:

Receptors

Specific proteins in or on cells that recognize and bind to specific substances, triggering a response in the cell.

Taste

The sense that detects flavors in substances, primarily in the mouth.

Organ Of Corti

A structure located in the cochlea of the inner ear, containing hair cells that convert sound vibrations into neural signals for hearing.

Mechanoreceptors

Sensory receptors in the body that respond to mechanical pressure or distortion, important for sensing touch, pressure, stretching, sound, and motion.