What Are the Risks Associated with Term Insurance Policies

question 217

Multiple Choice

What are the risks associated with term insurance policies?

• A)You may need to have insurance coverage past the term expiration date.
• B)The cash value does not earn a decent return.
• C)The renewal premium may be cost prohibitive.
• D)Both A and C are correct.

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Definitions:

Perquisites

Additional benefits or privileges granted to employees on top of their regular salary, often to improve job satisfaction and loyalty.

Straight Salary Plan

A compensation method where employees are paid a fixed regular wage regardless of sales or performance.

Sales Incentive Plan

A reward program implemented by businesses to motivate sales personnel to achieve targeted sales goals and enhance performance.

Pay-for-performance

A compensation strategy where employees' pay is based on their performance, often measured against pre-defined targets or metrics.