Between permanent life insurance and term life insurance, which typically has the lower premium and why? 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. b. term life insurance has the lower premium because you cannot renew the insurance after your term has ended. c. permanent life insurance has the lower premium because you are making more premium payments (your whole life versus a set period of time), so the amount per premium payment is less. d. permanent life insurance has the lower premium because the amount you contribute is then invested and makes interest for the life insurance company.

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15-04-2022
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Between permanent life insurance and term life insurance, which typically has the lower premium and why? 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. b. term life insurance has the lower premium because you cannot renew the insurance after your term has ended. c. permanent life insurance has the lower premium because you are making more premium payments (your whole life versus a set period of time), so the amount per premium payment is less. d. permanent life insurance has the lower premium because the amount you contribute is then invested and makes interest for the life insurance company.

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jayilych4real jayilych4real · Answer 1 · 2022-04-28T11:10:12+02:00

Between permanent life insurance and term life insurance, the one that typically has the lower premium is A. Term Life Insurance.

What is a Term Life Insurance?

This refers to the type of insurance that involves the payment of a death benefit for a particular time period.

Here, we can note that term life insurance is one that covers the event of a death for a given time period, while permanent life insurance covers the validity of one's life, hence, the TLI has a lower premium.

Read more about term life insurance here:

https://brainly.com/question/1898733

taylorgain616 taylorgain616 · Answer 2 · 2022-05-19T19:22:26+02:00

taylorgain616 taylorgain616

19-05-2022

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.

Explanation:

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