Which of the Following Earns a Fixed Rate of Return

question 78

Multiple Choice

Which of the following earns a fixed rate of return?

• A) Annual renewable term insurance.
• B) Term-life insurance.
• C) Whole life insurance.
• D) Universal life insurance.

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Definitions:

Personal Liability

The legal responsibility of an individual to assume financial obligations or compensate for wrongful acts.

Uniform Partnership Act

Legislation adopted by various states in the U.S. to provide a consistent legal framework governing the operation of partnerships.

Allocation Of Personal Liability

The process of assigning responsibility to individuals for their actions or obligations, particularly in a legal or financial context.

Charging Order

An order that entitles a creditor to collect a partner’s profits.