Answer:
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Explanation:
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A. The prices will decrease
Answer:
D. allow both the premium and benefit payout to vary with investment returns
Explanation:
Variable universal life insurance policies allow both the premium and benefit payout to vary with investment returns. In the variable universal life insurance policy it is flexible and gives insured with the option to invest as well as alter the insurance coverage with ease.
Policyholder has the option to decide the amount and the frequency of premium payment in a specific limits.
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
- accrued revenues
- accrued expenses
- unearned revenues
- prepaid expenses
- depreciation.
Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
