Which of the following terms describes an insurance policy, Financial Management

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Which of the following terms describes an insurance policy

1. Which of the following terms describes an insurance policy that covers the lives of two people and that is payable only after both of them have died?

(a) A variable life insurance policy

(b) A universal life insurance policy

(d) A second to die life insurance policy

2. Which one additional benefits would not affect the NPV calculation? Explain why

1. release of working capital

2. resuced stock of work-in-progress

3. increased sales

4. shorter production runs per product line.

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Financial Management: Which of the following terms describes an insurance policy

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