Which of the following are examples of principal types of life insurance?

Which of the following are examples of principal types of life insurance?

Term life policies
Whole life policies
Universal life policies
Both (a) & (b)

Solutions

Expert Solution

Mainly there are two types of life insurance that is term life policies and whole life policy. The term life policy insurance individual in case of death for the term of the policy. In a whole life policy the person is insured for as many years as he lives. Hence, the correct option is-

D. Both a and b

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jeff jeffy answered 2 years ago

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