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mart [117]
1 year ago
11

d needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. w

hat kind of policy is needed
Business
1 answer:
Phoenix [80]1 year ago
6 0

The kind of policy is needed Level term.

With limited payment life insurance, the policyholder refrains from extending the policy to ultimately pay the premium. Instead, you pay the full cost of the policy over time. Term life insurance, also known as pure life insurance, is a type of death benefit that is paid to the policyholder's heirs over a specified period of time.

Life provides whole-life protection at a premium for 30 years. The advantage of this policy is that premiums can be carried forward for 30 years, making life insurance cheaper compared to other limited payment options. Single premium life insurance allows policyholders to make a lump sum payment instead of monthly, quarterly, or yearly payments.

Learn more about Life insurance here:-brainly.com/question/25954612

#SPJ4

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