What are some drawbacks of term life insurance?
What will be an ideal response?
Answer: Term life insurance becomes very costly in later years and is prohibitive for most people at that time. It has no cash-value build-up. You cannot use the cash value to pay the premiums later.
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One method to increase the effective cost of a loan is to discount the interest in advance.
Answer the following statement true (T) or false (F)
Under a floating lien:
a. specific collateral only is used b. when collateral is sold the lien expires c. new inventory is unavailable to replace old collateral d. real estate is the collateral used e. none of the other choices
This lifestyle force considers you may be caring for children, aging parents, adult children, children with disabilities, etc.
A) Employment Status B) Employer C) Job Title D) Number of Dependents E) Babysitting