You Are Putting $100 a Month into a Passbook Savings

question 84

Multiple Choice

You are putting $100 a month into a passbook savings account to pay for your child's college education. You worry that if you die before you have enough saved, your child will not be able to afford a college education. Which of the following types of life insurance would best fit your needs at the lowest cost?

• A) Whole life
• B) Universal life
• C) Decreasing-term
• D) Variable life

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Definitions:

Evolutionary Change

The evolution process by which distinct forms of life are understood to have evolved and spread out from previous versions throughout the history of Earth.

Extinction

The permanent loss of all members of a species, making it unable to survive, reproduce, or recover in its natural environment.

Abiotic Factors

Non-living chemical and physical parts of the environment that affect living organisms and the functioning of ecosystems.

Cambrian

A geological period approximately 541 million years ago marked by a rapid diversification of life forms in the fossil record.