The Term "Variable" in a Variable Life Policy Refers to the

question 24

Multiple Choice

The term "variable" in a variable life policy refers to the

• A)policyholder's ability to vary the premiums.
• B)insurer's ability to vary the rate of return on the policy.
• C)variable growth rate of the cash value of the policy.
• D)insurer's ability to vary the premiums.
• E)the policyholder's ability to cancel the plan.

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Definitions:

Return On Investment

A metric utilized to assess an investment's efficiency or profit in comparison to its expenditure.

Breakdown Theory

Suggests that social movements emerge when traditional norms and patterns of social organization are disrupted.

Nonroutine Collective Action

Spontaneous, unstructured group actions that occur in response to unforeseen events or crises, often bypassing traditional organizational structures.

Economic Deprivation

A state of being in which individuals or communities lack adequate financial resources, leading to poverty and restricted access to necessities.