Quality Data Can Be Defined as Being

question 4

Multiple Choice

Quality data can be defined as being:

• A) unique.
• B) inaccurate.
• C) historical.
• D) precise.

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Definitions:

Life Insurance Firms

Companies that provide financial compensation to beneficiaries upon the death of the insured person.

Death Benefit

The sum paid to a policyholder's beneficiaries upon their death, typically in life insurance and annuities.

Variable Life

A type of life insurance policy where the cash value and death benefit vary based on the investment performance of funds chosen by the policyholder.

Universal Life

It's a flexible premium, adjustable life insurance product where the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.