Variable Life Insurance

question 3

Multiple Choice

Variable life insurance

• A)combines life insurance with a tax-deferred annuity.
• B)provides a minimum death benefit that increases subject to investment performance.
• C)can be converted to a stream of income.
• D)all of the above.
• E)none of the above.

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Definitions:

Rule of Reason

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Supreme Court

The highest judicial court in a country or state, often having the final word in legal disputes and constitutional issues.

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Historical terms referring to the monopolistic organizations formed in the oil and tobacco industries to control production and prices.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage more efficient and competitive markets.