Sales Commissions and Marketing Expenses Can Increase the Costs of a Fully

question 57

Multiple Choice

Sales commissions and marketing expenses can increase the costs of a fully loaded _____ policy.

• A) term life insurance
• B) whole life insurance
• C) universal life insurance
• D) variable life insurance
• E) mortgage life insurance

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Definitions:

Series Circuits

Electrical circuits in which components are connected end-to-end, so that there is only one path for current flow.

Voltage Drop

The reduction in voltage in a part of a circuit due to resistance or impedance, seen in the difference in voltage across a component or conductor.

Santa Elena

A historical Spanish settlement and military fort on Parris Island in present-day South Carolina, notable during the 16th century as part of Spain's effort to colonize the southeastern U.S.

Spanish Settlement

A community or region established in a new area by Spaniards.