THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT GEORGE HW BUSH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They took out insurance policies that guaranteed that they’d get paid if those investments failed.
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They made sure they had thousands of investors on these loan bundles to more money came in to offset losses.
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They made sure all the loans in the loan bundles were solid loans given to financially stable people.
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They invested in the loan bundles too.
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Detailed explanation-1: -A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime.
Detailed explanation-2: -The Insuring Agreement This is a summary of the major promises of the insurance company and states what is covered. In the Insuring Agreement, the insurer agrees to do certain things such as paying losses for covered perils, providing certain services, or agreeing to defend the insured in a liability lawsuit.
Detailed explanation-3: -Universal life is a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return.
Detailed explanation-4: -Whole life insurance is the most common type of permanent life insurance, according to the Insurance Information Institute (III). Typically, a whole life policy’s premiums and death benefit stay fixed for the duration of the policy. Whole life policies have a guaranteed rate of return, according to Life Happens.