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.
Answer:
Referendum: This is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal, issue or question. A referendum may result in the adoption of a new constitution, a constitutional amendment, a law, the recall of an elected official or a specific government policy. It could be simply be where voters decide on what time pubs shut, how long shops stay open etc.
Genersl:This is a formal decision making process by which members of the population (voters) elect a representative. This could be for numerous things, we are familiar with government and political parties but it also applies to other areas. We use elections in our unions, governing bodies whether they are in education or the NHS, business organisations, clubs, voluntary associations and corporations too. Elections ensure positions are voted in and filled with law-makers, decision-makers and governance.
Correct me if im wrong.
