A life insurance policy that provides a policyowner with cash value along with a level face amount is called
Whole life
Level term
Credit life
Ordinary life
Whole life
Whole life provides the insured with a cash value as well as a level face amount.
You might also like to view...
Explain how the Internet has transformed the way in which we do business today
What will be an ideal response?
On December 31, Year 1, Owings Corporation overstates the ending inventory by $5,000. How will this affect the amount of retained earnings shown on the balance sheet at December 31, Year 2?
A. Retained Earnings will be overstated by $5,000. B. Retained Earnings will be understated by $5,000. C. Retained Earnings will be correctly stated. D. Cannot be determined with the above information.
Describe the difference between a class and an object
What will be an ideal response?
Stuart Mining is offered a $4,000,000 line of credit for three months at an APR of 6%. The bank requires that the firm keep an amount equal to 10% of the loan principal in an account with the bank as long as the loan remains outstanding
This account pays 2% APR with quarterly compounding. What is the actual three-month interest paid on this loan? A) 1.6% B) 6.6% C) 12.6% D) 14.6% E) 60.9%