At the End of Year 5,Allison Could

question 197

Multiple Choice

At the end of year 5,Allison could

• A)pay nothing more in premiums and collect $100,000 in 6 years and 142 days.
• B)pay nothing more in premiums and have $7,950 paid-up insurance the rest of her life.
• C)cancel the policy and collect $7,950.
• D)cancel the policy and collect $14,450.

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Definitions:

Roosevelt Administration

The period of U.S. history during Franklin D. Roosevelt's presidency, known for significant economic reforms known as the New Deal.

Federal Government Agencies

Organizations established by the federal government to implement certain policies, regulate activities, and provide specific services.

Mortgages

Loans secured by real property used by individuals and businesses to purchase homes or other real estate without paying the entire purchase price upfront.

Civil War

A Civil War is an intense conflict within a country fought by factions or communities seeking to take control of the nation or to change government policies.