Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What statement most accurately compares term and permanent life insurances? A. Term life insurance last only for a finite,amount of time and is more expensive
What statement most accurately compares term and permanent life insurances? A. Term life insurance last only for a finite,amount of time and is more expensive than permanent O life insurance. B. Term life insurance last only for a finite amount of time and is less expensive than permanent O life insurance O C. Permanent life insurance lasts for a finite period of time and is more expensive than term life insurance O D. Permanent life insurance lasts for a finite period of time and is less expensive than term life insurance What statement is true for life insurance coverage? O A. The policy only covers beneficiary's future needs; funeral costs should not be included in the policy amount. O B. Debt is forgiven at death, so insurance policies do not need to cover this cost. O C. Life insurance policy amounts should factor in how much it would take to maintain the standard of living for the beneficiaries. O D. Generally speaking, $10,000 is the recommended amount for a life insurance policy
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started