Which of the following statements is true about the types of insurance sold in the United...

Which of the following statements is true about the types of insurance sold in the United States?

A. Most policies sold are whole life, but universal has the largest percentage of coverage in force.

B. Most sold are term life, but whole life has the largest percentage of face amount in force.

C. Most policies sold are whole life, but term life has the largest percentage of face amount coverage in force.

D. Most policies sold are term life, but variable life has the largest percentage of face amount coverage in force.

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Expert Solution

Which of the following statements is true about the types of insurance sold in the United States ? Most sold are term life, but whole life has the largest percentage of face amount in force is true as term life is more affordable for most of the population while premium of whole life insurance is higher and needs to be paid for a longer term.

keosha answered 1 year ago

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