Solution:
Unit Linked policy scores over traditional plan with respect to Transparent charges structure, value of the units related to an index of performance and both premium and sum insured (as a multiple of annual premium) decided by the insured.

Solution:
Both the statements are correct. In ULIPs, the offer bid spread is the difference between the two prices. In ULIPs, the offer bid spread, will in some cases be zero.

Solution:
Retained earnings refer to the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt. Retained earnings contribute to the financial soundness of the company.

Solution:
Loss Prevention and Loss Reduction refer to measures to reduce chance of occurrence and measures to reduce degree of losses.

Solution:
Shares is a wealth accumulation product. To build a corpus for long-term goals like buying a house, building a retirement kitty or funding a child's education, investors must choose products that provide enhanced earning power. This can come in the form of diversified equity funds.

Solution:
Dying too early cannot be categorised under risk. Each individual has got a certain financial value attached to his life in the form of his earning potential. If he dies at a young age or during the time when he had an earning potential his family suffers a financial loss in the form of loss of his potential earnings. A lot of his obligations towards the family remain unfulfilled due to his sudden demise. This is called the Risk of Dying too early and it can be protected against by taking life insurance coverage.

Solution:
The free look period available to cancel a policy is 15 days. The law allows the policyholder 15 days as free-look period from the date of receipt of the policy document. Policyholder is allowed to cancel the policy during this period and get a refund.