The Following Type(s)of Life Insurance Policies Do Not Have a Savings

question 40

Multiple Choice

The following type(s) of life insurance policies do not have a savings feature:

• A)Term life
• B)Whole life
• C)Variable life
• D)Universal life
• E)Both variable life and universal life

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Definitions:

Unlevered Cost

The cost of an investment that does not include the effects of borrowing or leverage.

Annual Coupon

The annual interest payment made to bondholders, calculated as a percentage of the bond's face value.

Unlevered Cost

refers to the cost of an investment or project that does not include the effect of financial leverage, showing its risk and return profile without debt.