Variable life differs from universal life in that
A)
variable life has an investment component and universal life does not.
B)
universal life has an investment component and variable life does not.
C)
variable life's cash value depends on an underlying portfolio of financial investments.
D)
variable life provides a guaranteed investment return.
C
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_____ arise from relatively infrequent transactions, and there can be no assurance that they will recur in any future period
a. Gains/Losses b. Revenues c. Expenses d. Assets e. Liabilities
Financial ControlsRuth Moody works as a freelance financial consultant. She renders financial services to individuals and small businesses. Entropic Communications, Inc., a fabless semiconductor company, seeks her services to study the financial stability of their company.Ruth identifies the firm's leverage ratio to be very high. What suggestion could Ruth give to help the firm reduce its leverage ratio?
A. Increase the money supply by selling a part of its assets. B. Pay back part of its debts to improve the ratio. C. Maintain more current assets than current liabilities. D. Reduce the sales to total assets ratio of the firm.
Statements by salespersons expressing their opinions about the products they sell constitute express warranties
Indicate whether the statement is true or false
In a bilateral contract, if one party is not bound, neither party is bound
Indicate whether the statement is true or false