A Term Life Policy Is the Least Expensive Way to

question 24

Multiple Choice

A term life policy is the least expensive way to

• A) build a big estate when you die.
• B) insure your life and provide for your responsibilities in the event of unexpected death.
• C) save for your retirement years as the policy builds cash value.
• D) insure your health, ability to work and your life all in one policy.

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Definitions:

Banking

The business conducted or services offered by a bank, including deposits, loans, and currency exchange.

Interest Rate

The ratio of a loan that represents interest expenses to the borrower, typically articulated as an annual percentage of the loan yet to be repaid.

Selling Price

The price at which an item or service is sold to buyers.

Face Value

The nominal or stated value of a security or coin, as printed or stamped on the face of it, and not necessarily its market value.