At the End of the Teenage Years,nearly 70 Percent of U.S.young

question 32

Multiple Choice

At the end of the teenage years,nearly 70 percent of U.S.young people __________.

• A) report regular heavy drinking
• B) have used mobile dating apps
• C) have had sexual intercourse
• D) report binge drinking during the past month

Comprehend the additional features and riders that can be attached to life insurance policies.

Understand the procedure for claiming life insurance proceeds.

Know the importance and benefits of a "free look" period in life insurance.

Understand the financial evaluation of life insurance including cash value and net cost.

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Definitions:

Nominal Rate

The stated interest rate of a loan or financial product, not adjusted for inflation or other factors that affect the real rate of return.

Effective Rate

The actual interest rate earned or paid on an investment, loan, or other financial product, taking into account the effect of compounding.

Compound Interest

This refers to the calculation of interest on the original amount of money deposited or borrowed as well as on the interest that has already accumulated over previous periods.

Zero-Coupon Bonds

Bonds that do not pay periodic interest payments and are sold at a significant discount from their face value, with the profit being the difference between the purchase price and the bond's face value at maturity.