Which One of the Following Builds Up No Cash Value

question 71

Multiple Choice

Which one of the following builds up no cash value?

• A)Universal life
• B)Straight life
• C)Term
• D)20-payment life
• E)None of these

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Definitions:

Negotiation

The process whereby two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.

Forgery

The act of falsely making or altering a document with the intent to deceive or defraud.

Negotiable Instrument

A document guaranteeing the payment of a specific amount either on demand or at a set time, with the instrument being transferable between parties.

Unauthorized Signature

A signature that is made without the explicit permission of the person purportedly signing or the authority to sign on behalf of an entity.