When Compared with Universal Life Policies and Whole Life Policies

question 92

Multiple Choice

When compared with Universal Life policies and Whole Life policies, which of the following is typically an advantage of a Term Life policy?

• A) Cash value accumulation
• B) You can take a loan against the policy
• C) Takes advantage of current interest rates
• D) Low outlay
• E) Generally fixed premium amount

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Definitions:

Social Comparison

The process by which individuals evaluate their own opinions, abilities, and traits by comparing themselves to others.

Perspective Taking

The ability to understand and consider the thoughts, feelings, and viewpoints of others.

Physically Handicapped

A term referring to individuals with physical disabilities that limit their activities or movements.

Mentally Retarded

An outdated and offensive term previously used to describe individuals with significant limitations in intellectual functioning and adaptive behavior.