If Your Financial Plan Objective Is to Provide Your Family

question 87

Multiple Choice

If your financial plan objective is to provide your family with the most insurance benefit in the event of your untimely death, you should purchase

• A) decreasing-term insurance.
• B) term insurance.
• C) universal life insurance.
• D) whole life insurance.

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Definitions:

Encoding Failure

Failure to process information into memory.

Acoustic Storage

The component of the memory system specific for retaining auditory information, often associated with the concept of the phonological loop.

Middle

Generally refers to an intermediate position or stage between two extremes, such as the middle of a process, area, or period.

Beginning

The point in time or space at which something starts.