Disadvantages of Term Insurance Are That It Increases in Cost

question 74

True/False

Disadvantages of term insurance are that it increases in cost when you renew it and that it has no value when it matures or you discontinue your policy.

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Definitions:

Communication Technology

The use of tools and applications to facilitate human interaction and the exchange of information over distances.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among countries.

Canadian Trade

The exchange of goods, services, or both within Canada or between Canada and other countries, encompassing both imports and exports.

South Korean Government

The administrative and political systems that govern the Republic of Korea, encompassing its executive, legislative, and judicial branches.