Some Disadvantages of Term Insurance Are That It Increases in Cost

question 78

True/False

Some disadvantages of term insurance are that it increases in cost when you renew it and that it has no value when it matures or you discontinue your policy.

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Definitions:

Strategic Marketing Process

A systematic approach to planning, executing, and evaluating marketing strategies to achieve business objectives.

Planning Phase

The initial stage in project management or business planning where objectives are set, and strategies are detailed to achieve them.

Problems

Challenges, obstacles, or issues that arise in personal life, work, or any context requiring solutions or management.

Bias For Action

A business principle encouraging quick decision making and the initiation of actions without unnecessary delay.