In Which of the Following Policies Does the Face Amount

question 59

Multiple Choice

In which of the following policies does the face amount of the policy decrease over time?

• A)Whole life
• B)Renewable term
• C)Decreasing term
• D)Universal life

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Definitions:

Consumer Income

The total amount of income received by consumers, affecting their purchasing power and demand for goods and services.

Fast Food

Quick service food, often pre-prepared or quickly made, served in restaurants or outlets for rapid consumption.

Substitutes

Alternative products or services that can fulfill the same need or function as another in the eyes of consumers.

DVD Players

Electronic devices designed to play DVDs, compact discs often containing movies or other video content.