Term policies can be Level, Increasing, and Decreasing. Which policy component fluctuates depending on the policy type?

Term policies can be Level, Increasing, and Decreasing. Which policy component fluctuates depending on the policy type?



A. Premium

B. Death benefit

C. Cash value

D. Nonforfeiture values



Answer: A. Premium

Comments

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?