Question

What is the characteristic of cash value life insurance?

a.

It does not have a savings element.

b.

It has a return of savings element.

c.

It is primarily used for corporate finance.

d.

It requires premiums to be paid only in the younger ages.

Posted under IC 89 Management Accounting

Answer: (b).It has a return of savings element. Explanation:Cash value life insurance has a return of savings element.

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Q. What is the characteristic of cash value life insurance?
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