If the objective of your life insurance program is to get the greatest death protection now for your insurance dollars,you should choose ____ insurance.
A)term
B)universal
C)limited pay
D)industrial
E)whole life

Question

Quizplus · Accepted Answer

Term insurance provides the greatest death protection for the lowest cost. Its premiums are typically lower than other types of insurance like universal life or whole life because it only covers the insured for a specific period of time. This means that if the insured dies during the term, the death benefit will be paid out to the beneficiaries, but if the insured outlives the term, there is no payout. However, if the goal is purely to maximize death protection for the budget, term insurance is the best choice.

If the Objective of Your Life Insurance Program Is to Get