Which of the Following Involves Fixed Premium Payments and a Benefit

question 71

Multiple Choice

Which of the following involves fixed premium payments and a benefit payout at the time of death that will depend on investment returns over the life of the policy?

• A)Term life.
• B)Variable life.
• C)Whole life.
• D)Endowment life.

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Definitions:

College Graduates

Individuals who have successfully completed a course of study at a college or university, leading to the acquisition of a degree.

Lifetime Earnings

The total amount of income an individual is expected to earn over the course of their working life.

Occupational Interest Inventories

Tests that measure one’s interests as they relate to various jobs or careers.

Gender-Typed Careers

Occupations that are traditionally associated with one gender over the other, reflecting societal stereotypes.