Another Name for a Straight Term Policy Is

question 82

Multiple Choice

Another name for a straight term policy is

• A) Renewable term.
• B) Multiyear level term.
• C) Decreasing term.
• D) Limited payment.
• E) Conversion term.

---

Definitions:

Accrued Interest

The interest on a bond or loan that has accumulated since the principal investment, or since the previous interest payment if there has been one already.

Brokerage Fees

Charges imposed by a broker for acting as the intermediary in facilitating transactions, such as buying or selling securities.

Equity Method

An accounting technique used to record investments in associate companies where the investor has significant influence but not full control.

Cash Dividend

A payment made by a company out of its profits to shareholders, usually in the form of cash.