Which one of the following types of insurance builds up no cash value? a. 20-payment life b. term c. straight-life d. universal life

Answer

The type of insurance that builds no cash value is B. Term

Explanation

Cash value insurance is one that provides a permanent insurance for life and has high premium rates with a requirement of a fixed level premium deposit. Examples of cash value insurance covers are the whole life, variable life and universal life insurance. Whole life insurance is also called the straight life/ordinary life insurance cover. When premium payment term is limited to 20 years it is called 20-payment life.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.