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.
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In an ecological study, the sampling mean proportion is 0.28 and the sample size is 50. a) What is the margin of error with a confidence level of 95%?
The solution to a system of two linear equations is (4, -3). One equation has a slope of 4. The slope of the other line is the negative reciprocal of the slope of the first. The system described above is represented by the following equations: y --X-2 y - 4x - 19 Please select the best answer from the choices provided
Selection D is the equivalent form of the given expression.
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The nominal annual interest rate in this problem is 40%. If it were compounded half-yearly, the formula would be x(1.2)^(2t) or x(1.44)^t. Apparently, this problem is more concerned with the equivalent form of the expression than it is with half-yearly compounding.
The answer would be y = 3.1
19.9 + 8 = 9y
27.9 = 9y
27.9/9 = y
3.1 = y
y = 3.1.
