The Difference Between the Present Value of Future Benefits Payable

question 24

Multiple Choice

The difference between the present value of future benefits payable under a life insurance policy and the present value of net premiums for the policy is the policy's

• A)retrospective reserve.
• B)policyholders surplus.
• C)prospective reserve.
• D)admitted assets.

Understand Freud's psychoanalytic theory, including the structure of personality (id, ego, superego).

Identify and explain Freud's psychosexual stages of development.

Recognize different defense mechanisms as proposed by Freud and understand their purposes.

Understand the fixation concept and its impact on personality according to Freud.

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Definitions:

Ownership

The legal right or title to an asset or property, including the rights to use, enjoy, and dispose of it.

Perfect Tender Rule

A legal principle in sales law that allows buyers to reject goods if they fail to conform precisely to the terms of the contract.

Slightest Defect

Refers to the minimum imperfection or fault in something that can lead to legal liability or the rejection of a product or service.

Destroy

The act of causing something to cease to exist or to become inoperative or unserviceable.