A Method of Evaluating the Cost of Life Insurance by Taking

question 66

Multiple Choice

A method of evaluating the cost of life insurance by taking into account the time value of money is called:

• A) double indemnity.
• B) guaranteed insurability.
• C) an interest-adjusted index.
• D) the consumer price index.
• E) a present value index.

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Definitions:

Trait Approach

A theoretical framework in psychology that attributes patterns of behavior and personality to stable characteristics or traits within an individual.

Fluid

Characterized by the ability to flow and adapt smoothly in various situations; often used to describe flexible thinking or variable structures.

Positive About Job

Having a positive outlook or attitude towards one's job, usually reflecting satisfaction, motivation, and engagement at work.

Leader's Behavior

Refers to the actions and approaches taken by a leader in guiding, directing, and influencing the team or organization.