Which life insurance policy allows you to change your premium without changing your coverage? A:Whole life....

Which life insurance policy allows you to change your premium without changing your coverage?

A:Whole life.

B:Ordinary life.

C :Universal life.

D:Adjustable life.

E:Variable life.

Solutions

Expert Solution

C:Universal life

The Universal life policy is one with an investment savings element and low premiums. They contain a flexible premium option.

Whole life policy is a life insurance which remains in force for the entire lifetime of the insures, provided the premiums are paid in time or till the time of maturity. This is the same asOrdinary life policy. Adjustable life policy allows policyholders the option to adjust policy features. Variable policy is a permanent life insurance policy which comes with an investment component.

jeff jeffy answered 1 year ago

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