Which of the following is a form of term insurance that guarantees fixed premiums for the life of the policy?
A) universal life insurance
B) planned annuity life insurance
C) declining coverage, fixed payment insurance
D) multiyear level-premium insurance

Question

Quizplus · Accepted Answer

Multiyear level-premium insurance is a form of term insurance that guarantees fixed premiums for the life of the policy, typically for a period of 10-30 years. This means that the premium payments remain the same throughout the life of the policy, providing predictable and stable coverage for the insured.

Which of the Following Is a Form of Term Insurance