When Using the "Buy Term and Invest the Rest" Strategy,the

question 12

Multiple Choice

When using the "buy term and invest the rest" strategy,the easiest way to ensure your money is actually invested is to set up

• A) ​an automatic investment program (AIP)with a mutual fund.
• B) ​cash-value life insurance.
• C) ​a viatical company account.
• D) ​a settlement option plan.

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Definitions:

Tactical Plan

A short-term, specific plan that outlines actions, resources, and timelines to achieve a part of a strategic goal.

Caveat Emptor

This Latin phrase means "let the buyer beware," implying that the buyer assumes the risk for the quality and condition of goods purchased unless they are protected by warranty.

American Business

Aspects, practices, or characteristics unique to business operations in the United States, covering economic, legal, and sociocultural components.

John F. Kennedy

The 35th President of the United States, known for his contributions to civil rights, space exploration, and international diplomacy.