Choose the Word or Phrase in [ ] Which Will

question 150

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-If your insurance policy promises to pay death benefits only if you die during a specified time,you have [term | whole] life insurance.

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Definitions:

Net Income

A company's final income, arrived at after subtracting expenses, taxes, and costs from its complete revenue.

Dividends Paid Per Share

The amount of dividend that a company pays out to its shareholders for each share owned.

Retained Earnings

The portion of a company's profits that are kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business, to pay down debt, or to reserve for future use.

Dividends

Disbursements from profits made by a corporation to its shareholders.