Which of the following statements regarding term insurance is true?
A. It provides temporary protection.
B. It builds up cash value.
C. It pays more than the face amount.
D. It’s more expensive than straight life.
HOMEWORK ACCOUNTING QUESTION PLEASE HELP ME!!! :(?
HOMEWORK ACCOUNTING QUESTION PLEASE HELP ME!!! :(?
by wokaihwokomas92 » Thu Aug 09, 2012 11:06 pm
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HOMEWORK ACCOUNTING QUESTION PLEASE HELP ME!!! :(?
by hartun39 » Thu Aug 09, 2012 11:18 pm
Term life is best used for periods of 1,2,5,10,20 years. The thought is after 20 years years you will have a positive net worth so no life insurance is needed.
Straight life is the most expense.
So A, temporary protection is the correct answer.
Straight life is the most expense.
So A, temporary protection is the correct answer.
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