radkSo7c6cert
radkSo7c6cert radkSo7c6cert
  • 13-10-2016
  • Mathematics
contestada

Between permanent life insurance and term life insurance, which typically has the lower premium and why?

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TheBlueFox
TheBlueFox TheBlueFox
  • 01-11-2019

Term insurance has the lower premiums. The reason for this is that that term life insurance builds no cash value. Therefore, the cheapest form of insurance is term insurance.

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keatonalan01 keatonalan01
  • 03-09-2020

Answer:

a.

Term life insurance has the lower premium because term life insurance pays the face value to your beneficiary if you die within a certain set period of time, whereas whole life insurance covers you your entire life.

Step-by-step explanation:

Got it right on edge 2020

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