Question 1026 of 287 · Texas Life, Accident and Health Agent Exam
Which policy generally has the lowest initial premium for a given amount of coverage for a 30-year-old?
Exactly one answer is correct.
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Correct answer to question 1026
- C: 20-year level term
Explanation
Term has no cash value component, so it has the lowest premium. Permanent products cost more because they build cash values and provide lifetime coverage.
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