Which of the following do not help people during their retirement? a. whole life insurance b....

Which of the following do not help people during their retirement?
a. whole life insurance b. term life insurance c. annuity d. universal life insurance.

If a financial firm is deemed ______, it poses a risk to the overall financial system because its failure would cause widespread damage.
a. systemic, b.financially important c. too-big d. non-systematic

Solutions

Expert Solution

The correct answer is option b. Term life insurance

Term life insurance is the pure form of insurance meaning it pays off only on the death of the policyholder. It doesn't provide any other benefit even during retirement.

The correct answer is option c. too-big

If a financial firm is deemed too-big, it poses a risk to the overall financial system because its failure would cause widespread damage.

You might have heard the phrase too big to fail.

jeff jeffy answered 1 year ago

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