Should the Cash Value Grow to an Unusually Large Amount,the

question 108

True/False

Should the cash value grow to an unusually large amount,the amount of insurance coverage must be increased in order for the policy to retain its favorable tax treatment.

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Definitions:

Last Recession

The most recent period of significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production.

Month/Year

Month/Year typically denotes a specific point in time, used for referencing, scheduling, and historical data compilation, often in the format MM/YYYY.

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the amount of money or credit available in the economy.

CPI

The Consumer Price Index tracks the weighted average price changes of a basket containing consumer goods and services, such as food, healthcare, and transportation, to gauge average price movements.