3-63 Guaranteed Investment Contracts (GICs)offered by a Life Insurance Company

question 70

Multiple Choice

3-63 Guaranteed investment contracts (GICs) offered by a life insurance company

• A)are endowment life policies marketed to group insurance policyholders.
• B)are short- and medium-term debt instruments sold to fund their pension plan business.
• C)can only be purchased by a group life insurance plan.
• D)earn a return based on the consumer price index (CPI).
• E)Short- and medium-term investments in venture capital firms.

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Definitions:

Expected Cell Counts

Predicted frequencies in cross-tabulation tables that are used in statistics to calculate the expected value under the null hypothesis in chi-squared tests.

Two-way Table

A statistical table that displays data for two variables, showing the relationship or interaction between these variables in a matrix format.

Grand Total

The sum of all numbers or quantities in a series, often the final total in a table of numbers.

Column Portions

Segments or parts of a column in a table or spreadsheet, often referred to in data analysis.