A Disadvantage of Term Insurance Is That

question 113

Multiple Choice

A disadvantage of term insurance is that

• A) it becomes more expensive when you renew it.
• B) the cash value portion of the premium is larger than other forms.
• C) you can only exchange your cash value for other insurance.
• D) it is expensive early in life when you need it the most.

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Definitions:

Sensory Memory

A type of memory that holds sensory information for a few seconds or less after an item is perceived.

Procedural Memory

A type of long-term memory that enables individuals to perform tasks without conscious awareness, such as riding a bike or typing on a keyboard.

Flashbulb Memory

A highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential news was heard.

Cued Recall

A memory retrieval process in which hints or cues are given to aid in the recovery of information stored in memory.