In Which of the Following Policies Does the Face Amount

question 178

Multiple Choice

In which of the following policies does the face amount of the policy decrease at a set age?

• A)Whole life
• B)Modified whole life
• C)Level renewable term
• D)Deposit term

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Definitions:

Competitive Strategy

Approaches that a company takes to attract customers, withstand competitive pressures, and strengthen an organization’s market position.

Customer Needs

The wants and requirements expressed by consumers, which guide product development and market strategies.

Efferent Division

The part of the nervous system that conveys signals from the central nervous system to effector organs like muscles and glands.

Peripheral Nervous System

The part of the nervous system that lies outside the central nervous system, comprising nerves and ganglia, responsible for transmitting sensory input and motor output between the CNS and the rest of the body.