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Mathematics with Business Applications5th EditionMcGraw-Hill Education 3,755 solutions What type of life insurance gives the greatest amount of coverage for a limited of time quizlet?What type of life insurance gives the greatest amount of coverage for a limited period of time? Term insurance would provide the greatest amount of protection for a limited period of time. A Renewable Term Policy is renewable at the option of the insured.
What type of life insurance gives the greatest amount?The amount of the whole life insurance premium remains the same for the rest of your life. Term insurance is initially cheaper than other types of policies that offer the same amount of protection. Therefore, it gives you the greatest immediate coverage per dollar.
Which type of life insurance policy provides insurance for a limited period?Term Insurance. Term insurance provides protection for a specified period of time. This period could be as short as one year or provide coverage for a specific number of years such as 5, 10, 20 years or to a specified age such as 80 or in some cases up to the oldest age in the life insurance mortality tables.
What is the longest protection in insurance?Permanent life, often called whole life insurance or cash value life insurance, provides coverage for the insured person's lifetime as long as premium payments are in good standing. Unlike term life, these policies may build cash value, which a policyholder or their heirs can access under certain conditions.
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What type of life insurance gives the greatest amount of coverage for a limited period of time quizlet?
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