Which of the Following Statements Is False Concerning Term Life

question 110

Multiple Choice

Which of the following statements is false concerning term life insurance?

• A) The premiums increase as you renew the policy.
• B) It will expire and be of no value if not renewed.
• C) It has a cash value or savings feature as long as you keep the policy active.
• D) It provides the same amount of cash to a beneficiary as whole life policies.

Assess the role of employer and employee interests in shaping benefit packages.

Evaluate how companies view their employees and the organizational benefits of supportive HR policies.

Understand the challenges and considerations in offering specialized benefits such as on-site daycare/eldercare centers.

Acknowledge the growing importance of portable benefits in the modern work environment.

---

Definitions:

Increasing-cost Industry

An increasing-cost industry is one in which the entry of new firms raises the average costs of production, often due to limited resources or increasing prices for inputs.

Consumer Demand

The willingness and ability of consumers to purchase goods and services at different prices, influencing market dynamics and prices.

Market Price

The price of a good or service determined by supply and demand in a competitive market.

Purely Competitive Market

A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit, leading to minimal market power for individual firms.