Which of the following statements pertaining to limited-pay life policies is CORRECT?

Insurance

Are you having trouble answering the question “Which of the following statements pertaining to limited-pay life policies is CORRECT?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

Which of the following statements pertaining to limited-pay life policies is CORRECT?

A) Insurance protection exists only during the time premiums are actually paid.

B) The total premium cost for a single premium life policy is more than the total premium cost for a policy with premiums spread over a period of years.

C) A limited-pay life policyowner pays premiums of variable amounts during the life of the policy.

D) Both limited-pay life and whole life policies endow at age 100.

Answer: Both limited-pay life and whole life policies endow at age 100.

You should now have gotten the answer to your question “Which of the following statements pertaining to limited-pay life policies is CORRECT?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.