Which of the Following Did Not Occur in the Life

question 41

Multiple Choice

Which of the following did not occur in the life insurance industry during the most recent financial crisis?

• A)Low equity values reduced asset-based fees on separate account assets.
• B)Asset-based fees declined on products such as variable annuities and pension fund assets that were tied to equity returns.
• C)Low interest rates and harsh economic conditions caused many policyholders to terminate or surrender their policies.
• D)Policy premium increased as more households and small businesses attempted to transfer risk to insurance companies.

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Definitions:

Psychological Disorders

Mental health conditions characterized by dysregulation of mood, thought, or behavior, recognized by standardized diagnostic criteria.

Bipolar Disorder

A mental health condition characterized by significant mood swings, including manic (high) and depressive (low) episodes.

Depression

A common and serious mood disorder that negatively affects how you feel, think, and handle daily activities, often involving persistent sadness and loss of interest.

Maladaptive

Referring to behaviors or actions that are counterproductive to an individual’s well-being or ability to meet their needs effectively.