Which of the following policies purchased at age 35 would provide the highest cash value at age 65?

whole life policy.

paid up at 65 life policy.

term insurance to age 65.

paid up at age 70 whole life policy.

Solutions

Expert Solution

Option b Paid up at 65 life policy is correct. Paid up at 65 life policy if purchased at 35 will provide the highest cash value at the age of 65.

A Paid up at 65 life policy gives a facility to policyholder to pay the premium until he/she reaches the age of 65.After reaching the age of 65 nothing is to be paid in the name of premium or by any other name.This reduces the burden of the policyholder when he/ she reaches at the age of 65.

jeff jeffy answered 2 years ago

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