A(n) _____ Policy Is a Type of Term Insurance

question 59

Multiple Choice

A(n) _____ policy is a type of term insurance.

• A) straight term
• B) whole life
• C) increasing term
• D) variable term
• E) risk assumption

---

Definitions:

Standard Deviation

A measure of the dispersion or variability in a set of data points, representing the average distance from the mean.

Variance

A metric that quantifies the spread of data points, by calculating the mean of squared variations from the central value.

Standard Deviation

A measure of how spread out the numbers in a data set are, indicating the variability around the mean.

Variance

A measure of dispersion showing how much the data points in a set differ from the mean, calculated as the average of the squared differences from the mean.