Lila Obtains a Life Insurance Policy with No Cash Surrender

question 31

Multiple Choice

Lila obtains a life insurance policy with no cash surrender value and names her son Maurice as the beneficiary.This is

• A)casualty insurance.
• B)decreasing-term life insurance.
• C)health insurance.
• D)term life insurance.

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Definitions:

HR Professional

A person skilled in managing employee relations, compensations, benefits, recruitment, and ensuring compliance with labor laws within an organization.

Comparable Worth

A principle in employment compensation asserting that jobs should be paid based on their value or worth rather than job titles or traditional gender roles.

Dissimilar Jobs

Positions or tasks that are distinctly different in nature, requiring unique skills and capabilities.

Overall Value

The combined qualitative and quantitative importance, worth, or usefulness of something, taking into account all its attributes and aspects.