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