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Author Question: Which of the following 100,000 whole life insurance policies, issued by the same company to a man ... (Read 131 times)

nevelica

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on: Jul 11, 2018
Which of the following 100,000 whole life insurance policies, issued by the same company to a man age 32, would require the highest first-year premium?
 
  A) continuous premium (ordinary) life
  B) whole life paid-up at 65
  C) 10-payment whole life
  D) 20-payment whole life

Question 2

Michael wants to make sure that life insurance proceeds are available to pay his outstanding mortgage balance if he dies.
 
  He purchased a type of life insurance in which the amount of coverage gradually declines, just as his outstanding mortgage balance gradually declines. This type of life insurance is called
  A) modified life insurance.
  B) decreasing term insurance.
  C) re-entry term insurance.
  D) current assumption whole life.


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kishoreddi

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


nevelica

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Reply #2 on: Jul 11, 2018
TY


kishoreddi

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Reply #3 on: Jul 11, 2018
Happy to Help


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