An Insured Usually Chooses Variable Life Insurance in Order to

question 20

Multiple Choice

An insured usually chooses variable life insurance in order to

• A)provide more flexible coverage.
• B)emphasize the savings portion while still having death protection.
• C)lessen the savings feature of life insurance.
• D)substitute for fixed-dollar insurance protection.
• E)reduce insurance premiums.

Understand the living arrangements and relationship choices of emerging adults.

Comprehend the attitudes toward same-sex marriage and relationships among different age groups.

Recognize the role of friendships in mental and physical health.

Understand the cognitive and emotional development during emerging adulthood.

---

Definitions:

Unconscionable Conduct

Behavior that is considered extremely unfair, unethical, or unjust within a transaction or contractual agreement, often leading to the invalidation of the agreement.

Restatement

A secondary legal document that aims to inform and clarify the current state of the law, often used as a reference by courts.

Usury Statute

Laws that set maximum interest rates at which loans can be made, intended to protect consumers from excessively high rates.

Financing Charge

The fee charged by a lender on the extension of credit, including interest and other charges.