If You Want to Purchase Term Insurance,you Will Receive All

question 47

Multiple Choice

If you want to purchase term insurance,you will receive all of the following except

• A) Protection against loss of life for a specified term.
• B) Cash value.
• C) Temporary insurance.
• D) A benefit during the period it covers, such as 1, 5, 10, or 20 years.
• E) A policy whose coverage stops after a period of time.

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Definitions:

Conservative Debt Securities

Investments in fixed-income securities that are considered low risk, typically issued by government entities or stable corporations.

Prudent Person

A legal standard used to represent the hypothetical individual who exercises average care, skill, and judgment in decision-making, serving as a comparative standard in legal and financial fields.

Discretionary Investment Power

The authority given to a person or entity to make investment decisions on behalf of another without needing express consent for each decision.

Conservative Debt Securities

Investment vehicles such as bonds or debentures that are considered lower-risk due to stable income features and the issuer's strong financial position.