An Insurance Policy in Which Fixed Premium Payments Are Invested

question 107

Multiple Choice

An insurance policy in which fixed premium payments are invested in mutual funds of stocks, bonds, and money market instruments is called

• A)term life.
• B)universal life.
• C)whole life.
• D)endowment life.
• E)variable life.

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Definitions:

Propensity

A natural inclination or tendency to behave in a particular way.

Hydrate

A compound that contains water molecules bound to another compound or within its crystal structure.

Benzophenone

A compound used in organic synthesis and as a photoinitiator, characterized by a central benzene ring bonded to two carbonyl groups.

Triphenylmethanol

A white crystalline solid organic compound, used often as an intermediate in the synthesis of other chemicals.