Question and answer
Between permanent life insurance and term life insurance, which typically has the lower premium and why? a. Term life insurance has the lower premium because term life insurance pays the face value to your beneficiary if you die within a certain set period of time, whereas whole life insurance covers you your entire life. b. Term life insurance has the lower premium because you cannot renew the insurance after your term has ended. c. Permanent life insurance has the lower premium because you are making more premium payments (your whole life versus a set period of time), so the amount per
premium payment is less. d. Permanent life insurance has the lower premium because the amount you contribute is then invested and makes interest for the life insurance company. Please select the best answer from the choices provided A B C D
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Question
Asked 12/1/2014 8:35:59 AM
Updated 12/1/2014 2:37:06 PM
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This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/1/2014 2:37:06 PM]
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User: Between permanent life insurance and term life insurance, which typically has the lower premium and why? a. Term life insurance has the lower premium because term life insurance pays the face value to your beneficiary if you die within a certain set period of time, whereas whole life insurance covers you your entire life. b. Term life insurance has the lower premium because you cannot renew the insurance after your term has ended. c. Permanent life insurance has the lower premium because you are making more premium payments (your whole life versus a set period of time), so the amount per premium payment is less. d. Permanent life insurance has the lower premium because the amount you contribute is then invested and makes interest for the life insurance company. Please select the best answer from the choices provided A B C D

Weegy: Term life insurance has the lower premium because term life insurance pays the face value to your beneficiary if you die within a certain set period of time, whereas whole life insurance covers you your entire life.


User: Your children are 3 and 5 years old now, and you want an inexpensive policy that covers your family at least until the youngest is 22. Based on the given information, what is the best policy to buy? a. Whole life policy b. 10-year term policy c. 15-year term policy d. 20-year term policy Please select the best answer from the choices provided A B C D

Question
Asked 12/1/2014 8:35:59 AM
Updated 12/1/2014 2:37:06 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/1/2014 2:37:06 PM]
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