Which of the Following Offers Special Features,including a Stepped-Up Death

question 139

Multiple Choice

Which of the following offers special features,including a stepped-up death benefit,a guaranteed minimum income benefit,or long-term care insurance that often carry additional fees and charges?

• A)Whole life insurance
• B)Term life insurance
• C)Modified life insurance
• D)Single-premium insurance
• E)A variable annuity

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Definitions:

Technological Improvements

Enhancements and innovations in technology that increase productivity, efficiency, or value in processes or products.

Additional Resources

Refers to extra assets or inputs available that can be used to enhance the production or efficiency of something.

Investment

Allocating resources, usually money, with the expectation of generating an income or profit.

Capital

Assets or money owned by an individual or organization, or funds available for specific purposes like establishing a company or investment.