Which of the Following Refer to Permanent Insurance

question 154

Multiple Choice

Which of the following refer to permanent insurance?

• A) Whole life
• B) Straight life
• C) Ordinary life
• D) Cash-value life
• E) All of these are types of permanent insurance.

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Definitions:

IBM

International Business Machines Corporation, a multinational technology company known for its computer hardware, software, and IT services.

Direct Cash Flows

A financial statement that provides data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Triple Bottom Line

A sustainability-based accounting framework that evaluates a company's performance in terms of its environmental, social, and financial impacts.

Limited Liability

A legal structure where a company's owners are protected from personal responsibility for its debts or liabilities.