Life Insurance

question 33

Multiple Choice

Life insurance:

• A) Benefits you after you die
• B) Helps support those that depend on your income after you die
• C) Costs the same for everyone
• D) Needs do not change over time

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Definitions:

Vertical Analysis

A method of financial statement analysis in which each entry is listed as a percentage of another item, frequently used to review relative sizes of account entries.

Total Assets

The sum of all resources owned by an entity, including cash, investments, property, and equipment, which are expected to provide future economic benefits.

Liabilities

The rights of creditors that represent debts of the business.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, often referred to as shareholder’s equity or owners' equity.