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2 years ago

Jeanne wants to purchase a life insurance policy with guaranteed premiums. What kind of policy would she want to purchase

1 answer:

6 0

If Jeanne wants to purchase a life insurance policy with guaranteed premiums, the kind of policy she would purchase is b. Nonparticipating policy.

<h3>What is a nonparticipating policy?</h3>

A non-participating policy is an insurance policy in which the policyholder does not receive dividends from the life insurance plan if the insurance company achieves a surplus or profit in a period.

Another attribute of a nonparticipating policy is that premiums are less than other policies and remain fixed from period to period.

Thus, if Jeanne wants to purchase a life insurance policy with guaranteed premiums, the kind of policy she would purchase is b. Nonparticipating policy.

Learn more about non-participating insurance policies at brainly.com/question/15427526

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<h3>Question Completion with Answer Options:</h3>

a. Dividend policy

b. Nonparticipating policy

c. Mutual policy

d. Participating policy

e. Stock policy

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