Which of the Following Statements Is False Concerning Term Life

question 110

Multiple Choice

Which of the following statements is false concerning term life insurance?

• A) The premiums increase as you renew the policy.
• B) It will expire and be of no value if not renewed.
• C) It has a cash value or savings feature as long as you keep the policy active.
• D) It provides the same amount of cash to a beneficiary as whole life policies.

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Definitions:

Traditional Bargaining

The conventional process of negotiation between unions and employers focused primarily on wages, hours, and other basic working conditions.

Direct Dealing

An approach where employers and employees negotiate employment terms without the mediation of a labor union, emphasizing direct interaction and agreement.

Arbitrator

A neutral third-party individual who is chosen to resolve a dispute between parties outside of court, often used in labor disputes to decide on fair terms of agreements or contracts.

Binding Arbitration

A dispute resolution process where an impartial third party makes a decision that is legally binding on both sides involved in the dispute.