Which One of the Following Statements Correctly Applies to Term

question 170

Multiple Choice

Which one of the following statements correctly applies to term insurance?

• A)The premiums remain constant.
• B)The policy builds cash value.
• C)Protection is for a specified period of time.
• D)It usually is more expensive than whole life insurance.
• E)The investment performance varies with the stock market.

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Definitions:

Cultural Lag

Is the tendency of symbolic culture to change more slowly than material culture.

Symbolic Culture

The aspects of culture that exist in nonmaterial forms such as language, rituals, values, and norms.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, reflecting the beliefs, customs, and values of a society.

Rationalization

The process of replacing traditional, spontaneous, and emotional forms of thought and action with calculated, efficient, and logical ones, often associated with modern industrial societies.