An Insurance Policy That Provides for the Replacement of a Portion

question 45

Multiple Choice

An insurance policy that provides for the replacement of a portion of the insured's monthly income from employment in the event that illness or injury causes a short or long-term disability is

• A)life insurance.
• B)health insurance.
• C)disability insurance.
• D)credit insurance.

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Definitions:

Year-End Assets

Year-End Assets refer to the total value of all assets that a company or individual owns at the end of a fiscal year.

Net Asset Value

The total value of all the assets held by an investment fund or company, minus any liabilities, typically expressed on a per-share basis for mutual funds and ETFs.

Dividend Income Distributions

Payments made to shareholders from a fund's income derived from dividends on stocks that it owns, typically made on a regular basis.

Capital Gains

The profit from the sale of an asset or investment above its purchase price.