Which of the Following Policies Has No Savings Element in It

question 15

Multiple Choice

Which of the following policies has no savings element in it?

• A) Whole life
• B) Universal life
• C) Variable universal life
• D) 10-year renewable term
• E) 20-year limited payment life

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Definitions:

Purposes

The reasons for which something is done or created or for which something exists.

Sufficient Evidence

Adequate information or proof required to support a claim or conclusion.

Good Argument

An argument that is logically sound, with premises that are true and relevant, leading to a conclusion that follows logically.

Good Listening Skills

The ability to actively understand information provided by the speaker, showing interest, and providing feedback.