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s2008m [1.1K]
2 years ago
8

The least expensive type of life insurance is _____. whole-life insurance term insurance endowment life insurance limited-paymen

t life insurance
Business
2 answers:
lutik1710 [3]2 years ago
8 0
<span> Answer- Term life insurance policy. Term life insurance policy is the least type of life insurance because it has no cash worth, and it discontinues before the insured is expected to pass away. Although term life insurance is a less expensive policy to possess it gives the least expected rate of return. </span>
lutik1710 [3]2 years ago
3 0
I believe the answer is: Term insurance

Term insurance is significantly cheaper compared to other type of insurance because it only cover risk plan without considering potential return in the future.
The amount of term insurance usually paid at a fixed rate on a limited period of time.
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Answer:

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Security     Cost       Fair value     Gain(loss)

X              371,000    343,500        -27,500  

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3 years ago
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