Chapter 1 Review Questions
a. death benefits
b. tax advantaged growth
*c. both a and b
d. neither a not b
a. monopoly
*b. monopsony
c. monogomy
d. monobloc
a. higher cash value accumulation within life insurance
*b. a new way to think about life insurance as an asset
c. uniform regulation of the marketplace
d. all of the above
a. tax-deferred growth of accumulated cash values
*b. state mandated non-forfeiture values
c. endowment at age 100
d. all of the above
a. the monopsony power of the insurer
*b. endowment at age 100
c. tax deferral of cash value accumulation
d. all of the above
*a. the AIDS crisis of the 1980s
b. the aging baby boom generation
c. arbitrageurs who seek to profit from more efficient markets
d. all of the above
a. willing buyers
b. willing sellers
*c. government oversight
d. all of the above are needed for an effective market
a. insurers offering accelerated benefit provisions in their policies
b. increased government oversight of market participants
c. clearer tax implications for payment of life insurance benefits
*d. all of the above
*a. terminally ill
b. chronically ill
c. over age 65
d. all of the above
a. life settlement
b. senior settlement
c. high net worth transaction
*d. all of the above
|