Examlex
The start of a recession or a stock market crash can result in ________.
Whole Life Insurance
A type of insurance that combines a life insurance policy with an investment feature; policyholders pay a premium that is divided between the insurance portion and the investment portion.
Cash Value
The value of the investment portion of a whole life insurance policy.
S&P 500
A stock market index that measures the stock performance of 500 of the largest companies listed on stock exchanges in the United States.
Pre-Tax Retirement Account
A savings account designed for retirement that allows individuals to contribute pre-tax income, with taxes deferred until withdrawal.
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Q104: A lesson of the Enron collapse is