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Question 16 of 20 Jennifer Hastings purchased a $250,000 insurance policy on her life that requires her to make equal annual premium payments. The policy
Question 16 of 20 Jennifer Hastings purchased a $250,000 insurance policy on her life that requires her to make equal annual premium payments. The policy will pay the $250,000 benefit if Ms. Hastings dies anytime within twenty years after the policy's purchase and while the policy is in force. The policy provides no benefit beyond this twenty-year period This information indicates that the type of life insurance policy Ms. Hastings owns is 00 a decreasing term life insurance policy a return of premium (ROP) term life insurance policy a level term life insurance policy an increasing term life insurance policy
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