Which of These Is the Least Appropriate Use for Whole

question 23

Multiple Choice

Which of these is the least appropriate use for whole life insurance?

• A) Mortgage retirement fund
• B) Dependent spouse income fund
• C) Retirement need
• D) Emergency fund

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Definitions:

External Locus

The belief that external forces or situations beyond one's own control dictate the outcomes of one's actions.

Lower Status

The ranking or position that is considered inferior or less prestigious within a social or organizational hierarchy.

Higher Status

Describes a position of greater power, respect, or social standing compared to others.

Fundamental Attribution Error

The tendency for people to over-emphasize personality-based explanations for behaviors observed in others while underestimating the influence of external factors.