Which Type of Life Insurance Policy Does NOT Build a Cash

question 25

Multiple Choice

Which type of life insurance policy does NOT build a cash value for policyholders?

• A)whole life
• B)term
• C)universal life
• D)All of these build a cash value.

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Definitions:

Gallons

This term refers to a unit of volume measurement, commonly used in the United States to measure liquids.

Fixed Manufacturing Overhead

The portion of total manufacturing overhead costs that do not vary with the level of production or output.

Work in Process

Inventory account containing goods that are in the manufacturing process but are not yet complete.

Standard Costs

Predetermined or budgeted costs used for cost control and decision-making, serving as a benchmark for measuring performance.