Your Life Insurance Policy Is Valuable Only If It

question 172

Multiple Choice

Your life insurance policy is valuable only if it:

• A)meets your objectives.
• B)makes you rich.
• C)makes your beneficiaries rich.
• D)serves as collateral for a loan.
• E)pays you at least 7.5 percent interest.

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Definitions:

Financial Structure

The mix of a company's liabilities and equity, including short-term and long-term debt, used to finance its operations and growth.

Marshaling Resources

involves organizing, deploying, and managing resources effectively to achieve specific goals or objectives.

Marketing Programs

Coordinated strategies and efforts to promote and sell products or services, including advertising, promotions, sales, and public relations activities.

Franchise Offering

A business arrangement where a franchisor grants a franchisee the right to use its trademark, brand, and business processes to sell goods or services.