Which of the Following Statements About Limited-Payment Life Insurance Is

question 9

Multiple Choice

Which of the following statements about limited-payment life insurance is true?

• A)It is a form of term insurance.
• B)It matures at the end of the premium-payment period.
• C)The premium decreases each year during the premium-payment period.
• D)Its use may be appropriate if a person wants paid-up life insurance during retirement.

---

Definitions:

Leadership Talent

The skills and abilities possessed by individuals which enable them to lead others effectively and drive organizational success.

Competition

Refers to the rivalry between businesses or individuals in the same industry or sector to attract customers, increase market share, and achieve leadership.

High-potential Employees

Individuals within an organization identified as having the capability to progress into leadership roles and significantly impact business performance.

Succession Management Process

A structured approach to identifying, developing, and retaining talent to ensure leadership continuity and to fill critical positions within the organization over time.