If the Objective of Your Life Insurance Program Is to Get

question 30

Multiple Choice

If the objective of your life insurance program is to get the greatest death protection now for your insurance dollars,you should choose ____ insurance.

• A)term
• B)universal
• C)limited pay
• D)industrial
• E)whole life

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Definitions:

Risky Undertaking

An action or project that involves a significant chance of failure or loss.

Expected Value

In statistics, Expected Value refers to the sum of all possible values each multiplied by the probability of its occurrence, offering a measure of the center of distribution of a variable.

Net Profit

The total earnings minus the costs and expenses of a business or investment, indicating the actual profit made.

Investment

The process of distributing funds or resources with the aim of earning income or profit.