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otez555 [7]
3 years ago
15

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

Mathematics
2 answers:
rjkz [21]3 years ago
6 0

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

3241004551 [841]3 years ago
3 0

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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