The statement most accurately compares term and permanent life insurance (B.) Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance.
Explanation:
<u>Term Life Insurance as the name suggest is for a particular tenure or time period /tenure whereas the Permanent life insurance is the insurance that cover the entire life of the insurer and is for lifetime.</u>
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<u>Since the term insurance is only for a certain time period it is comparatively less expensive than the permanent life insurance.</u>
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<u>Also the premiums of term life insurance are lower than the permanent life insurance</u>
<u>hence we can say that </u>
The statement most accurately compares term and permanent life insurance (B.) Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance.
