Which of these would be the best example of a limited pay life insurance policy?

Which of these would be the best example of a limited pay life insurance policy? 




a) Whole life policy that pays out its cash value over a 20 year period
b) Whole life policy with premiums paid up after 20 years
c) Term life policy that returns cash value after 20 years
d) Term life policy with premiums paid up after 20 years


Answer: b) Whole life policy with premiums paid up after 20 years

Popular posts from this blog

You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries?

The insured under a $100,000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident. It was determined that the accident was his fault. The triple indemnity rider in the policy specifies that the death must not be contributed to by the insured in any manner. In this case, what will the policy beneficiary receive?