When You Are Nearing Retirement, It Is a Good Idea

question 84

Multiple Choice

When you are nearing retirement, it is a good idea to:

• A)increase the face value of your life insurance.
• B)increase your property insurance coverage.
• C)keep your life insurance intact.
• D)decrease the face value of your life insurance.
• E)swap your old life insurance policy with a new one.

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Definitions:

Societal Rules

Norms, guidelines, and laws established by a society to regulate behavior and maintain order among its members.

Singular Sense

The unique or individual meaning or perspective of a term or concept.

The Ego

According to Freud, is a psychological mechanism that balances the conflicting needs of the pleasure-seeking id and the restraining superego.

Impulsive

Acting or done without careful consideration of the possible consequences; driven by immediate desires.