Gary Has a Life Insurance Policy That Requires Uniform Payments

question 30

Multiple Choice

Gary has a life insurance policy that requires uniform payments over the term of the policy.The coverage of the policy decreases over time.This is

• A)health insurance.
• B)all-risk insurance.
• C)decreasing-term life insurance.
• D)floater insurance.

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Definitions:

Universal Ethical Principles

Moral beliefs and rules that are widely accepted across cultures and societies as the foundation for leading a good life and making just decisions.

Imaginary Audience

A psychological concept where an individual believes that his or her behavior is constantly being watched and judged by others, especially prevalent during adolescence.

Adolescent Egocentrism

A developmental phase during adolescence where individuals believe their own thoughts, feelings, and experiences are unique and not understood by others.

Hallucinogenic Drugs

Substances that alter perception, thoughts, and feelings, leading to hallucinations.