1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Deffense [45]
2 years ago
12

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

Mathematics
1 answer:
adoni [48]2 years ago
5 0

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. (Option A)

<h3>What is insurance?</h3>

Insurance is when a third-party (the insurer) promises to indemnify another party (the insured) for losses they might suffer in the future in exchange for agreed upon payments.

Permanent life insurance is a type of insurance that provides a coverage that never expires. The person with a permanent life insurance is covered until he or she passes on. Whole life insurance is a type of permanent life insurance that has a fixed and guaranteed premium and a fixed death benefit.

Term life insurance is a type of insurance that provides coverage to a person only for a scheduled period of time. For example, a person who buys a 10 year term life insurance, the person's insurance only lasts for 10 years. If the person passes on within the 10 years, his beneficiary receives payments. If the person passes on after 10 years, his beneficiary does not receive any payments.

To learn more about insurance, please check: brainly.com/question/17548705

#SPJ1

You might be interested in
The length of a rectangle is 3 meters and the width is 14 meters. What is the perimeter of the rectangle? Do not include units i
tiny-mole [99]
Perimeter of 34 meters
4 0
2 years ago
4x = 2 + 3x<br><br> Solve please.
Sidana [21]

Answer:

2

Step-by-step explanation:

4x=2+3x

4x-3x=2

x=2

3 0
3 years ago
2 lines are not parallel, how many solutions are there
garri49 [273]

Answer:

Either one: the two line have a point in common, or infinite: they are the same line.

5 0
2 years ago
A bank offers a money market account paying 8.7​% interest compounded annually. A competing bank offers a money market account p
stich3 [128]
The answer is 8.5% interest compounded daily.

EXPLANATION

Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.

A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
5 0
3 years ago
the temperature was 15 .it dropped so that the temperature was 0 . what integer represents the change in temperature?
Nataliya [291]

Answer:

if the temperature was at 15 and dropped to zero the amount it changed would be is -15. The integer is -15 because an integer is a whole number and it can also be a negative or positive number it just can not be a fraction

3 0
3 years ago
Other questions:
  • If three corresponding sides of one triangle are proportional to three sides of another, then the triangles are similar.
    15·1 answer
  • What is the vertex of <br> y = (x-2)^2 +5?
    5·2 answers
  • Use the number line to find whether the two numbers are equal. write equal or not equal 4/4 and 1
    14·1 answer
  • Answer Three of these question and you will be the brainliest. Answer this with solution please
    15·2 answers
  • 9) y=x+ 11; (4, 13)​
    8·2 answers
  • May I get some help with number 12 please?
    5·1 answer
  • Please derivate this <img src="https://tex.z-dn.net/?f=%5Cfrac%7B2x%5Csqrt%7Bx%7D%20%7D%7B3%7D" id="TexFormula1" title="\frac{2x
    12·1 answer
  • © Sally borrowed $14,000 at an interest rate
    10·1 answer
  • A special type of bar graph in which data are grouped into intervals of equal width
    10·1 answer
  • Referring to the figure, find the volume of the solid
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!