Question
Jill purchased a permanent policy and after 10 years lost her job. She could no longer afford to make payments on her policy. The insurance
Jill purchased a permanent policy and after 10 years lost her job. She could no longer afford to make payments on her policy. The insurance company allowed her to stop payments but did not cancel or modify her coverage in any way.
What type of policy did Jill purchase?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
