Contracts in Which the Insurer Promises the Insured a Series

question 29

Multiple Choice

Contracts in which the insurer promises the insured a series of periodic payments are called

• A)stocks.
• B)annuities.
• C)bonds.
• D)shares.

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Definitions:

Cultural Influences

The impact of culture on the values, behaviors, and practices of individuals and societies.

Environmental Influences

External factors such as climate, pollution, and urban design that affect an individual's health, behaviors, and quality of life.

Hereditary Influences

Genetic factors passed down from parents to offspring that affect various characteristics and traits.

Overconfident

A cognitive bias characterized by an individual's belief that they are more capable or knowledgeable than they actually are.