Why is term life insurance usually the least expensive type of life insurance?

Why is term life insurance usually the least expensive type of life insurance?



A) The policy only pays a death benefit

B) The policy builds a cash value

C) The policy provides coverage for a lifetime

D) The policy is available to all consumers



Answer: A

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees