The Option That One Might Purchase If He or She

question 90

Multiple Choice

The option that one might purchase if he or she wanted to increase the amount of cash value insurance held in the future is called

• A)guaranteed renewability.
• B)guaranteed insurability.
• C)multiple indemnity.
• D)nonforfeiture.

---

Definitions:

Petty Cash

A small amount of cash kept on hand used for paying minor or incidental expenses in a business setting.

Postage Expense

The cost incurred by a business for sending mail.

Role Expectations

Social norms regarding the behaviors and responsibilities associated with a particular social status or position.

Stepfamily Members

Individuals who become part of a family unit through the remarriage of a parent, including stepparents and stepchildren.