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Bumek [7]
3 years ago
14

K has a life insurance policy that allows him to skip premium payments but still keeps the policy in force. What type of policy

does K have?A: Term LifeB: Straight Whole LifeC: Universal LifeD: All of the Above
Social Studies
1 answer:
Anni [7]3 years ago
4 0

Answer:

Correct answer is C: K has a Universal Life insurance policy.

Explanation:

<em>Term Life</em> insurance lasts for a prefixed amount of years, based on a system of monthly payments. <em>Whole Life</em> insurance, on the other hand, is a permanent life insurance policy because it has no prefixed expiration date. Both kind of insurances last as long as you maintain the payments, so we can cross A and B out of the options (and also D), leaving us with Universal Life. This kind of insurance policy has a twist and provides more flexibility: the premiums and death benefits can be changed without having to sign an entirely new policy. Furthermore, you can use the cash value to pay the premiums (this is perfect for people who do not want to commit to a specific monthly amount). So, even though you have a minimum premium to keep the policy,  they can be payed with the cash value.

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Answer:

A secondary source is anything that describes, interprets, evaluates, or analyzes information from primary sources. Common examples include: 1. Books, articles and documentaries that synthesize information on a topic 2. Synopses and descriptions of artistic works 3. Encyclopedias and textbooks that summarize information and ideas 4. Reviews and essays that evaluate or interpret something When you cite a secondary source, it’s usually not to analyze it directly.

A primary source is anything that gives you direct evidence about the people, events, or phenomena that you are researching. Primary sources will usually be the main objects of your analysis. If you are researching the past, you cannot directly access it yourself, so you need primary sources that were produced at the time by participants or witnesses (e.g. letters, photographs, newspapers).

Explanation:

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