Which of the Following Will Increase Your Need for Life

question 131

Multiple Choice

Which of the following will increase your need for life insurance?

• A)Your spouse graduates from college or university
• B)You receive a large inheritance
• C)Your only child graduates from college or university
• D)You have a child

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Definitions:

Maturity Date

The specific date on which the principal amount of a bond, loan, or other financial instrument is scheduled to be repaid.

Issued

Referring to securities or documents that have been officially released or distributed by an entity.

Due Date

The specific date by which a task needs to be completed or a payment needs to be made.

Maker

An entity or individual who creates or produces something, often used in contexts such as product manufacturing or software development.