Describe the Major Difference Between Renewable Term and Group Term

question 115

Essay

Describe the major difference between renewable term and group term versus decreasing term and credit/mortgage group life insurance.

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a desired behavior strengthens that behavior.

Positive Punishment

Adding an unfavorable outcome or consequence after an undesired behavior to decrease the likelihood of that behavior occurring again.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus to decrease the frequency of a behavior.

Associative Learning

A learning process that involves connecting a stimulus with a response or connecting two stimuli together.