You are putting $100 a month into a passbook savings account to pay for your child's college education. You worry that if you die before you have enough saved, your child will not be able to get a college education
Which of the following types of life insurance would best fit your needs at the lowest cost?
A) Whole life
B) Universal life
C) Decreasing-term
D) Variable life
Answer: C
You might also like to view...
The account Allowance to Adjust Short-Term Investments to Market appears as a contra account on the income statement
Indicate whether the statement is true or false
Solvency ratios are used to assess a company's:
A. Profitability. B. Long-term debt paying ability. C. Efficiency in use of its assets. D. Short-term debt paying ability.
Which of the following statements is CORRECT?
A. The constant growth model is often appropriate for evaluating start-up companies that do not have a stable history of growth but are expected to reach stable growth within the next few years. B. If a stock has a required rate of return rs = 12% and its dividend is expected to grow at a constant rate of 5%, then the stock's dividend yield is also 5%. C. The stock valuation model, P0 = D1/(rs - g), can be used to value firms whose dividends are expected to decline at a constant rate, i.e., to grow at a negative rate. D. The price of a stock is the present value of all expected future dividends, discounted at the dividend growth rate. E. The constant growth model cannot be used for a zero growth stock, wherein the dividend is expected to remain constant over time.
Pupillometrics, electrodermal response, and electroencephalographic measures are all forms of
A. rational measures of promotional success. B. physiological measures of advertising effectiveness. C. focus group interaction measures. D. portfolio tests used in association with single-source field tests. E. field posttests.